NAIOP: The Senior Living Sector is Poised for Growth

The article underscores the growing demand and promising prospects for the senior living sector in real estate investment. As the aging population expands and life expectancies increase, the need for high-quality and engaging senior living communities is on the rise. It emphasizes the importance of creating spaces that offer safety, support, connections, and care for the elderly, highlighting the significance of strategic locations that enable seniors to engage with surrounding amenities. The piece details the sector's potential growth over the next decade and its critical role over the next 20 years due to population aging. It discusses the fragmentation in the industry, challenges with existing inventory, and the financial performance of senior living compared to other real estate sectors. Additionally, it explains the different care types and community classifications within senior living and the complexity of integrating hospitality, multifamily, and healthcare in this field. The article delves into site selection, investment returns, buyer rates, recession resilience, and consumer sentiment in the post-COVID world, shedding light on challenges faced during the pandemic and the industry's continued resilience and growth. Read NAIOP article.