Strong growth expected for senior living sector

An aerial view of Grand Living at Lakewood Ranch, a senior living community located in Sarasota, Florida.
Minneapolis, Minn.
(
Nov 10, 2021
)

Demand for senior living communities is expected to continue growing through this decade and beyond. Considering the population will continue aging and life expectancies are increasing, wellness and healthcare needs of seniors will continue to evolve, creating a vital role for senior housing. These factors make senior living an attractive sector for real estate investment.

Julie Ferguson, senior vice president of senior living, authored an article for the National Association for Industrial and Office Parks (NAIOP) that takes a deeper dive into the sector and why it’s poised for growth. She cites how the financial performance of senior living demonstrates greater resilience in recent economic cycles than almost all other real estate sectors. This can be attributed to the growing population combined with the lack of inventory, which creates opportunities for well-capitalized developers to deliver new properties and to fund needed capital improvements.

Read more about the complexities of senior living and learn how the sector provides favorable investment returns and more in Julie’s NAIOP article. She was also part of a NAIOP discussion about senior housing development with other senior living experts that can be viewed here.

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