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RCM Report: Private Investors Move to Forefront of Senior Housing Investment

Private investors have moved to the forefront of senior housing investment, spending $6.2 billion in 2018 as REIT’s continued to pull back, to $4 billion. That was just one finding in the April 2019 Senior Housing Snapshot report by Real Capital Markets (RCM).

Senior housing investment and construction in the U.S. slowed slightly in the first part of 2019, but investors expressed confidence in the long-term outlook for this sector, according to the report. The top states for senior housing sales in 2018 were Florida ($1.5 billion), Texas ($1.1 billion), California ($1 billion), New York ($906 million), and Ohio ($766 million).

RCM’s Tina Lichens says, “The sector as we know it today is vastly different from five years ago, and rapidly changing. There remains considerable demand and capital in the market, yet investors need to look at the long-term as the market redefines its new normal.”

Other findings of RCM’s report include:
– U.S. investment sales dipped — to $2.8 billion in the first two months of 2019, from $3 billion in the same time period in 2018. This follows $15.2 billion in sales for all of 2018, according to Real Capital Analytics data used in the report.
– Construction is down—New deliveries declined by 14.8% from 2017 to 2018; experts consider this a needed slowdown, as demand catches up to the strong supply cycle.
– More than 61% of investors agree a strong operating partner is key, given the industry concerns regarding a labor shortage, cost management and shrinking profits.

The national report incorporated sentiments of investors and brokers across the country, as well as statistics from Real Capital Analytics and research from the National Investment Council for Seniors Housing & Care.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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