Seniors Housing

There have been pressures on the skilled nursing occupancy rate since 2011, notes Bill Kauffman, senior principal at NIC.

Growth in the next five to 10 years may look a bit different than what we’ve witnessed in the last decade.

Essentially, “Welltower is buying skilled nursing assets on the cheap,” says Matt Kopsky, a REIT analyst at Edward Jones who covers Welltower.

Terrell Gates, CEO of Virtus Real Estate Capital, continues to stick to a “cycle-resilient” strategy that zeroes in on seniors housing, medical office and workforce housing.

Thirty percent of JLL’s survey respondents ranked those property sub-types as “extremely desirable,” and another 56 percent ranked them as “very desirable.”

There are several headwinds that need to be addressed—if not this year, then soon, some industry experts say.

Kayne Anderson is the third developer to try its hand at high-end New York senior living, a niche of development aimed at serving an expected boom of well-heeled elderly.

Two product types will be the winners in the seniors housing race both in the short and the long term.