Jan
09

Assisted Living Market to Remain Strong

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Assisted living is expected to continue its domination of the senior housing investment and acquisition scene in 2014 following a year where the sector grabbed industry headlines for new construction volume and low cap rates.

“For new development and newer, Class A product, assisted living and memory care are probably going to be the most attractive and easiest for us to sell. Everyone wants them,” says Jeremy Stroiman, CEO of brokerage firm Evans Senior Investments.

Next year will probably look a lot like 2013, says Kent Eikanas, president and chief operating officer of Summit Healthcare REIT, Inc. (formerly Cornerstone Core Properties REIT), with investor interest expected to revolve more around senior living than skilled nursing.

“People are going to be a lot more comfortable with the lower acuity of independent living and assisted living,” Eikanas says. “As you go up the acuity scale, the amount of investors gets less and less.”

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