Should you invest in senior housing?

Senior citizens are the fastest growing segment of our society. Fifteen percent of Americans are currently 65 years or older, and that percentage is expected to rise to 24 percent by 2060. As a result of these demographics, many investors are cashing in on the rapidly growing elderly population by investing in senior housing.

Senior housing is a hot commodity on the commercial real estate market. With more and more baby boomers retiring every day, there’s a growing demand for housing options to meet their needs as they age. In addition to nursing homes and assisted living facilities, developers are increasingly building independent senior living communities and memory care centers for people living with dementia.

There are different ways to invest in the senior housing sector. You can purchase a unit in a senior living facility and rent it out until you’re ready to live in it yourself. Or, there are Real Estate Investment Trusts (REITs) that focus on the senior housing market. When choosing an REIT, make sure to select one with a diverse portfolio that includes many types of senior housing developments (independent living, assisted living, memory care, skilled nursing, etc.).

If you’re looking for real estate investment options, senior housing is a good way to take advantage of demographic trends while investing in infrastructure you’ll need when you reach your golden years.