Silver Wave Capital’s Revenue Multiple Analysis Featured in Senior Housing News
Acuity, Square Footage, Margins: Inside the Factors Influencing Senior Living Revenue Multiples Product type, acuity, building size, NOI margins and occupancy upside – these are the top components of senior living operations affecting community valuation. Cory Wake, founding partner of Silver Wave Capital, recently analyzed revenue multiples, which the firm uses to measure the valuation […]
SWC | Investor Buys Naples Community
A group of investors picked up a value-add seniors housing community in Naples, Florida. Built in 1999, North Haven Senior Living features 132 units of assisted living and memory care. It appears that Brookdale Senior Living previously operated the community, which showed very well and did not require much in terms of capex. We understand […]
SWC | NHI Announces $89.2 Million in Investments and Updates Pipeline
National Health Investors, Inc. (NYSE:NHI) announced today that it has invested $89.2 million, including transaction costs, in four separate transactions at an average initial yield of 8.20%. The Investments $52.1 million (including transaction costs) for the acquisition of a 107-unit assisted living and memory care community in Jamison, PA operated by Priority Life Care (“PLC”) […]
SWC | Investor Group Acquires in Oregon
Silver Wave Capital announced its fourth acquisition in the last 12 months, picking up a new seniors housing community in a suburb of Portland, Oregon. The firm, founded by Cory Wake and Elan Ruggill in 2024, made the acquisition with Sherman Capital Partners as a co-GP and another capital partner. Built in 2019, the Class-A […]
SWC | Bloom Exits South Carolina’s Seniors Housing Market
Kandu Capital, LLC, and its operating company, Bloom Senior Living, collectively known as Bloom, sold its final seniors housing community in South Carolina. The company is seeking realignment as it exits the state after a decade-long presence in the region. The 129-unit independent living and memory care community, which is in Bluffton, sold for $13.5 […]
SWC | Blueprint Handles Detroit Transaction
Blueprint announced its role in the sale of a Class-A seniors housing community in an affluent suburb of Detroit. We learned of the deal in December, when Silver Wave Capital, Persimmon Ventures and Synergy Senior Management announced that the buying group acquired Avalon at Auburn Hills. Built in 2018, the community features 58 assisted living […]
Podcast Feature: Rethinking Senior Living Investment with Cory Wake
Our founder Cory Wake joins host Bobby Guy to discuss Silver Wave Capital’s investment thesis and vision for the future.
SWC | Silver Wave Capital Announces First Acquisition
Silver Wave Capital, a newly formed private investment firm set to take advantage of value-add opportunities in the seniors housing M&A market, has announced its first closed acquisition. The deal included a 116-unit assisted living/memory care community in Naples, Florida. We understand the property was around 20 years old and was not stabilized. It was […]