The seniors housing sector is a hybrid of multi-family and hospitality property types of investments. It provides a large spectrum of care ranging from:
-- Age-restricted multifamily -- Active Adult -- Independent living -- Assisted living -- Alzheimer's/memory care -- Skilled nursing -- Continuing care retirement communities
The baby boomers (post-World War II babies 1946-1964) began turning 65 in 2011, and by 2030, the remainder will also reach age 65. At that point, the senior population will account for approximately 21 percent of the total United States population. By 2050, the 65-plus age group is estimated to exceed 85.6 million, a more than 50-percent increase over its estimated 2020 population (56.1 million). The same figure for 85-plus group is even higher, and is estimated to exceed 18.5 million. That is a 177% increase over its estimated 2020 population (6.7 million).
Additionally, by 2035, analysts estimate the 65-plus population will be larger than the population under age 18. By 2035, there will be 78.0 million people 65 years and older compared to 76.7 million under the age of 18. The projected growth in the senior population will present many challenges to policy makers and programs by having a significant impact on families, businesses, healthcare providers and, most notably, on the demand for seniors housing.