Aging Population and Scarce Resources coming together in Senior Housing Market
“Skilled nursing in most states requires a certificate of need, which creates a barrier of entry, so that area has not been overbuilt,” says Richard Lynn, associate of the National Seniors Housing Group at Marcus & Millichap in Oakbrook Terrace, Ill. “Independent living also hasn’t been overbuilt because it is want-based and not need-based. The supply could exceed demand for some period of time, but ultimately the demand will catch up.”
Source: Aging Population Fuels Steady Demand in Senior Housing Market | Benzinga