The Sherman & Roylance Team Reflect on the Spring NIC Conference
The NIC Spring Conference in San Diego brought together senior housing operators, lenders, investors, and industry leaders to discuss the latest trends and opportunities in the sector. With an optimistic outlook for the near and long term, the conference highlighted several key themes that are shaping the senior housing landscape.
Trends and TakeawaysThe Sherman & Roylance team showed up at the conference in full force, networking and connecting with industry leaders, investors, operators, and providers. Before we hear what they had to say about the conference, Let’s take a look at the biggest moments and takeaways from the spring event:
- Where is construction going?
- Senior living services expanding and evolving
- New investment opportunities anticipated
- Staffing remains a concern
Hear From the S&R TeamHere’s what our team had to say about the conference, what we learned, and what we’re looking forward to moving through the rest of the year:
Shep Roylance, S&R Co-Founder: “The Spring Conference organized by NIC in San Diego provided an excellent platform for networking and forging valuable connections in the senior housing industry. As part of the Sherman & Roylance national senior housing team, we were able to interact with leading regional and national skilled nursing and senior housing owner/operators, healthcare REITs, and capital providers in a confidential manner. What's more, the spring conference had a smaller and more intimate setup allowing us to connect with top professionals in the industry in one of the many networking lounges.”
John Sherman, S&R Co-Founder: “The NIC is the premier networking event where seniors housing operators, owners, and capital providers come to get deals done and start conversations about the maturation of the space, industry trends , and the opportunities ahead. Wonderful meetings with new contacts and very helpful to get insight globally about the market.”
Jeff Hauser: “My biggest takeaway from the well-attended NIC Spring Conference was that the interest in acquiring, leasing, and/or developing SNF and senior housing has not waned even with higher interest rates and other unfavorable trends going on in the market. Everyone is more cautious with eyes wide open, but the interest is still very high. Also, it was so great to put faces with names and interact in person!"
George Bingham: “At the semi-annual NIC conference in San Diego, Sherman & Roylance team took note of two different kinds of trends: (i) what IS happening and (ii) what is NOT happening in the senior living sector broadly speaking. From a transactional perspective, we were pleased to see that acquisitions are still getting done at an active clip, given the somewhat hesitant commercial lending environment, it's fair to say that many industry players are sliding down the risk curve somewhat - perhaps reluctant to undertake complicated or long-cycle deals that may have challenging debt aspects to them.”