Lument’s Justin Elshire recently joined the Senior Housing Unfiltered podcast to explore the emerging opportunities that are set to redefine the senior housing industry. The discussion details the demographic changes ahead and provides key insights on how owners and investors can reap the benefits of this historic opportunity.
Every baby boomer will be over 65 by 2030, podcast host Tod Petty mentioned, citing the unprecedented wave of demand that will sustain the senior housing industry for decades. We also know that the current inventory of seniors housing simply will not be enough to keep up with demand. Petty cites NIC MAP data showing a $275 billion investment gap in senior living development across the country by 2030 and a $1 trillion investment shortage in senior living development expected in 2040.
Further, as Elshire noted, we are entering a period of transformation in terms of technology and artificial intelligence (AI) that is increasingly being used to improve care and outcomes. Likewise, the reporting aspect of operations has improved, as communities are able to use new systems to provide accurate, clear data—and more piece of mind for investors.
“It all equates to a better investment opportunity for institutional investors who have not had a chance to get involved yet,” Elshire said. “Whether its new development, repositioning assets, acquisitions, or rebalancing a portfolio, at Lument we will be active in the months and years ahead coming up with creative financing solutions to help our clients take advantage of this tremendous opportunity.”
