Features

By Jane Adler Major urban areas tend to get most of the attention in the senior living industry. After all, these locations have large populations and submarkets with a sizable pipeline of income- and age-qualified older adults who potentially want or need independent living, assisted living or memory care.  But secondary and tertiary markets, occasionally overlooked, are generating solid investment returns and even outperforming big-city properties in many cases.  Smaller cities have less competition, say owners and operators. Existing senior living properties in secondary and tertiary markets refilled faster after …

By Hayden Spiess The old adage that the way to a man’s heart is through his stomach can be aptly applied to seniors housing residents. Tim Bryant, president of StoryPoint Group, knows this firsthand.  Before ascending to his leadership role at one of the largest senior living operators in the country, Bryant served as the chef at Independence Village of Plymouth, a StoryPoint community in Plymouth, Michigan, roughly two decades ago. There, Bryant took a deep interest in the well-being of residents, even fostering a relationship with a particularly acerbic …

By Jane Adler The simple answer to who’s buying and selling is everyone. REITs are rapidly acquiring senior living properties. Global asset managers with long track records in the sector are bulking up. Private equity funds are deploying capital, and new investors are entering the space.  On the sell side, investment managers are repositioning portfolios to achieve regional synergies. Non-core assets are being shed. Single-property owners or those with small portfolios see rising prices as a good time to sell. Owners of truly distressed properties are eager to exit, though …

By Hayden Spiess Baby boomers, who make up the much-anticipated “silver tsunami,” control an outsized portion of overall American wealth. This generation — born between 1946 and 1964 — comprises roughly one-fifth of the U.S. population yet holds more than 50 percent of U.S. household wealth, with over $85 trillion in assets, according to Federal Reserve data.  Many of these seniors also have uniquely high standards and expect that their living arrangements will reflect these standards.  Richard Ackerman, founder and managing partner of Big Rock Partners, based in Beverly Hills, …