Terrell Gates, CEO of Virtus Real Estate Capital, continues to stick to a “cycle-resilient” strategy that zeroes in on seniors housing, medical office and workforce housing.
NREI spoke with several seniors housing and financial experts to learn some of their picks for the top regions around the country for seniors housing development.
The sector’s national occupancy rate, based on aggregate statistics from 31 markets, held at 88.8 percent last quarter, according to NIC.
Executives at several seniors housing REITs say the burdens of more supply coming on-line this year are being complicated by a particularly nasty flu season.
Thirty percent of JLL’s survey respondents ranked those property sub-types as “extremely desirable,” and another 56 percent ranked them as “very desirable.”