EXPLORING INVESTMENT, OPERATIONS AND DEVELOPMENT TRENDS IN TODAY’S HIGH-DEMAND ASSET CLASS

From major to risk to major recovery, experts are starting to see the senior housing sector re-emerge as a CRE darling after the devastating impact of the pandemic. According to NIC, occupancy rates are back up to 81.5% in the largest 31 U.S. markets in the latter half of 2023. While still below the first quarter of 2020, the Wall Street Journal reports that rent increases look promising and outpacing inflation.

While the U.S. Census Bureau reports there are about 73 million baby boomers, NIC data shows only 10,000 new units were delivered last year, the lowest number in a decade – indicating a major supply shorter as demand is expected to grow.