ANNAPOLIS, MD—Last week Griffin-American Healthcare REIT III and NorthStar Healthcare Income announced they were partnering to acquire Trilogy Health Services LLC, for approximately $1.125 billion. It was the latest — but surely — not last, mega deal in the senior housing asset class. If nothing else fundamentals dictate that, coupled with demographics that show a growing need for senior housing as Baby Boomers and then Gen Xers continue to age.

To stay competitive asset owners need scale. In this current market cycle the fastest and most cost-effective way to scale is via acquisition. This year in particular has been very active for senior housing M&As; indeed the Trilogy Health deal followed a number of other large deals by most of the players involved.

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