Selling Your Senior Living Community: Seven Ways to Ensure a Faster Closing

In an effort to bolster market share and reduce inefficiencies, the trend in recent years in the senior housing market has been consolidation of national and regional housing providers. This trend held true in 2013, when there was a record volume of non-portfolio activity as acquirers focused their buying power on regional and local senior housing entities. George Mesires, who leads FaegreBD's Chicago finance and restructuring team, and Michael Viner, a partner in FaegreBD's Chicago real estate practice, co-authored an article on these trends that appeared in Senior Housing News on February 24, 2014.

Mesires and Viner explained that while local senior housing providers may believe we're now in the midst of a seller's market, they should still be prepared for a laborious due diligence process by potential buyers. Mesires and Viner highlighted best practices for sellers to prepare for some of the more common due diligence issues.