仲量联行：2026年美国养老住宅与护理服务行业投资者调研及趋势展望报告-春季版（英文版）

Transaction Volume Recovery: Rolling four-quarter transaction reached just over $24B by year-end 2025 – its highest level since Q2 2015 ($26B) Cap Rate Trends: Market sentiment has shifted toward cap rate compression over the past several quarters. In addition to decreasing cap rates in Q4 2025, 85% of survey respondents expect cap rates to decrease further over the next 12 months – a significant increase from 57% just one year ago. This optimistic outlook reflects improving market conditions