Senior living will be one of the most active areas for real estate transactions this year, predict participants in a recent study by U.S. law firm Akerman LLP.
The firm interviewed 210 clients and other real estate executives across the country in February and March for the “Akerman U.S. Real Estate Sector Report.” Results were released last month.
Sixty-seven percent of respondents said multifamily housing, which for study purposes included senior living, will be the most active sector for real estate transactions, echoing last year’s results, when 63% of respondents gave that answer. Within the multifamily housing sector, 2019 respondents ranked apartment development as likely to be most active this year, followed by senior living community development.
Additionally, 45% of respondents said the aging of America was one of the top three trends that will have the most effect on real estate development, following technology and tax reform.