Success Is Where Preparation and Opportunity Meet
The population age 65 and older in the United States increased from 38.8 million in 2008 to 52.4 million in 2018 (a 35% increase) and is projected to 94.7 million in 2060. The age 85 and over population is projected to more than double from 6.5 million in 2018 to 14.4 million in 2040 (a 123% increase). As the demographics suggest, the housing and care needs of the elderly population will correspondingly increase over time. [Read the Report]
The COVID-19 pandemic interrupted a nearly 12-year growth cycle for seniors housing. Prior to the pandemic, capitalization rates compressed to all-time lows as market valuations continued to climb. However, according to the industry publication Emerging Trends in Real Estate 2020 released by PwC and the Urban Land Institute, strong investor returns, portfolio diversification, and rising liquidity continue to dominate the headlines for senior housing when discussing opportunities.
Long-term investor sentiment remains cautiously bullish as experts prepare for the “silver tsunami” with the leading-edge baby boomer now within a 10-year investment cycle of occupancy. The expertise provided by Acadia Senior Living as gained over 30+ years in the senior housing space will help you in preparing to successfully take advantage of continuing investment and development opportunities.