Senior Housing News September 12, 2024
The senior housing industry is engaged in a “Goldilocks” period of growing rates and margins, according to leaders with American Healthcare REIT (NYSE: AHR).
The industry is seeing a period of historically low construction starts and high demand according to Brian Peay, chief financial officer of American Healthcare REIT. For the company’s operating partners, including its majority-owned senior living operating platform Trilogy Health Services, that should result in a period of revenue and margin growth, even if they don’t add occupancy at as fast a pace as they have in the past.
American Healthcare REIT’s senior housing operating portfolio (SHOP) saw a 700 basis point increase in occupancy over the last year. While “that is going to be hard to...