What's Happening?
The senior living industry is experiencing increased demand due to the aging baby boomer population. However, high interest rates are challenging the development of new facilities, leading to a supply shortage. Ventas CEO Debra Cafaro discusses the potential for growth in senior housing as demographic shifts create new opportunities in real estate.
Why It's Important?
The growing demand for senior living facilities presents significant business opportunities for real estate investors and developers. Addressing supply shortages is crucial to meet the needs of an aging population, impacting healthcare, housing, and economic sectors. Strategic investments and policy adjustments may be necessary to support industry growth.
