Investors in not-for-profit properties are seeing an increase in development activity for the first time since the great recession, according to specialty investment bank Ziegler.
New location growth among not-for-profits has been slow for two decades. Now, as the United States looks to a growing demographic of older adults, these organizations are looking at innovative ways to attract older adults.
For example, Ziegler recently brokered a $297 million deal for Kendal affiliate Enso Village in San Francisco to develop a Zen-inspired life plan community.“The majority of today’s growth among not-for-profits has been through campus expansions and affiliations, mergers and acquisitions,” according to the bank.
