Senior Housing News November 12, 2024
The senior living industry’s “investment gap” is continuing to grow and could widen to nearly $800 billion by 2050 if the industry does not speed up the rate of new development.
As previously outlined, the senior living industry faces a $275 billion development “supply gap” by 2030 at its current rate of new development. Although that will push occupancy higher in the years ahead, it potentially means the industry is falling short of demand from older adults if it does not sharply increase the rate of new construction.
In a newly updated report released Tuesday, NIC MAP Vision outlined how the industry faces a potential $275 billion investment gap by 2030, a potential $725 billion investment gap by 2040 and...
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