By: Thomas Grape, chairman and CEO of Benchmark Senior Living. The material in this column is drawn from a program held by NAIOP Massachusetts in Boston that was moderated by Ryan Maconachy, managing director, HFF. Other speakers included Chris Kazantis, director of AEW Capital Management; Ted Tye, managing partner, National Development; and Alfred Wojciechowski, principal, CBT Architects.
Fall 2014
Senior housing has been a hot topic and a strong commercial real estate investment class for several years. According to Real Capital Analytics, senior housing and care facilities year-over-year sales volume increased by 30 percent in the second quarter of 2014. This asset class encompasses various niches; it is no longer just your grandparents’ nursing home or your parents’ 55+ community.