With 30% increases in share values across the board for operators of retirement villages and other forms of seniors accommodation over the last five months, it is worth revisiting Phil Smith’s presentation at the LEADERS SUMMIT in March. (Phil is National Director Healthcare and Retirement Living at Colliers).

He gave a rare insight into the values of existing village and care businesses and where the demand is. You can see the edited 15 minute video of his presentation HERE.

Some major points:

• Colliers currently have 30 retirement villages and manufactured home estates for sale nationally
• Phil expects Stockland, Lend Lease and Aveo to be buyers and sellers this year to rebalance their geographic portfolios
• regional retirement villages are hard work to sell
• he expects 2-3 more care operators to list this year
• buyers will pay $400-500,000 per aged care bed in key metro suburbs
• family groups will exit the market over the next 2-3 years because they need 1,000 beds to afford appropriate compliance regimes