“Senior housing supply and demand should approach equilibrium on a macro level in 2019, then migrate toward rising occupancy rates in the following years,” predicts commercial real estate brokerage firm Marcus & Millichap’s “National Report: Seniors Housing.”
Highlights of the report:
- In independent living, occupancy is expected to increase, and acquisitions are expected to be similar to those of last year.
- In assisted living, rents should continue a moderate pace of growth, and investment activity should remain stable.
- In memory care, investors will continue to have interest, “though most capital will search for assets that include another seniors housing component as a hedge,” according to the report.
- Regarding continuing care retirement communities, also known as life plan communities, a dearth of deals may make it a good time for investors to enter the market, because competition is stronger elsewhere, according to Marcus & Millichap.
Download the report on the Marcus & Millichap website.
