Seniors Housing Deals Hit Record High in October 2025

In October 2025, the seniors housing and care sector saw a massive surge in mergers and acquisitions (M&A), with 110 deals announced. This shattered the previous monthly record of 77 deals set in October 2024. The total dollar volume for these transactions also hit a new high, exceeding $11. 5 billion. Experts point to a few reasons for this boom. More money is flowing into the market, and operations have improved. But the big driver is that many investors want to expand their portfolios through M&A because building new properties is tough right now. Looking at the third quarter of 2025, there were 213 publicly announced deals. This is a 17% jump from both the second quarter of 2025 and the same period in 2024. However, the total spending on these deals dropped by 31% from the second quarter but rose by 23% compared to the third quarter of 2024. The deals were spread pretty evenly across July, August, and September. If this pace continues, the yearly total could hit 852 deals, a 19% increase from last year's record of 716. So far this year, there have been 581 deals, compared to 526 in the same period last year. Assisted living deals made up the largest chunk of the third quarter, accounting for 41% of the total. Skilled nursing followed closely at 39%, while independent living, affordable senior apartments, active adult, and continuing care retirement communities (CCRCs) made up the rest. Experts also note that there has been an increase in portfolio deals and a higher share of stabilized Class-A properties in the market. This trend is expected to push average prices up in 2025 and 2026.