Why Invest in Senior Living?

Senior population is increasing.

On average, life expectancy has increased from 68 years old in 1950 to 78.25 years old in 2024. The baby boomers generation (born between 1946 - 1964) is in their peak age period (usually 70+ years old) until 2034.

Graph shows annual number of live births, 1909 - 2020.

Senior living development gap continues to widen.

Despite increasing demand, the growth in the new senior housing development is at one of the lowest levels in recent history. 

In Q3 2024, the National Investment Center for Seniors Housing & Care estimated that if the the industry does not increase its investment in senior living development by at least 3.5x faster than the current pace, a $275 billion development "supply gap" will emerge by 2030. 

Seniors housing construction starts

Occupancy levels continue to increase due to strong demand.

Robust demand coupled with low supply has driven occupancy gains, which continues to rise, tracking a close return to it's earlier peak of 87% in Q1 2022. 

At the current pace, senior housing occupancy rate is on-track to recover to pre-pandemic levels in the H2 2024. 

The senior living care spectrum

• Independent Living

  • Largest category of senior living. Can include age restricted facilities and even resort-like amenities.

  • Provides meals, 24x7 concierge, and structured activities.

  • Does not provide assistance with daily living activities or medical services.
    

• Assisted living or personal care

  • Provides residents with services that help with daily living activities such as bathing, eating, medicine management, laundry and more.
    

• Memory care

  • Provides residents with medical services who may be suffering from memory loss, in a purpose-built facility with specialized staff to assist. 

  • May offer specialized dining options to accommodate residents with difficulty eating or using utensils.

  • ​Typically provides interactive, therapy-based activities such as music or art therapy to support care plans.
    

• Skilled nursing facility

  • Provides around the clock medical and emergency care with dedicated physicians and nurses.