CHICAGO, IL--How the senior living property sector is perceived by the institutional investor is explored in an article published in a recent issue of the Journal of Real Estate Portfolio Management.
The article, co-signed by Elaine Worzala (bottom left) of Clemson University, Judith F. Karofsky of Madison, Wisconsin-based Real Estate Insites LLC, and Cambridge Realty Capital Companies Chairman Jeffrey A. Davis, (top right photo) provides both an academic and business perspective on the subject.
The authors point out that the demand for real estate products designed with elderly end-users in mind is growing. They also note that the risk/return profiles of these investments are shifting.
According to an executive summary prepared by the authors, the aim of the research was to shed light on the perceived risks and returns associated with the specific types of investments available in the senior housing sector at this time.
Members of the Pension Real Estate Association were queried to learn how they view this property sector compared with alternative real estate investments and more traditional institutional investments, such as stocks and bonds.
The researchers learned that institutional investors do not appear to be investing in most of the seniors housing product available because they perceive it to have relatively high risk compared to more traditional real estate investments or alternative investments like international real estate. The authors provide an in-depth analysis of the major senior housing sub-sectors and offer recommendations regarding what can be done to improve investor perceptions.
The complete Journal of Real Estate Portfolio Management article is posted in the Papers and Presentations section of the Resource Center tab on the www.cambridgecap.com website.
Contact: Evan Washington, Phone: (312) 521-7603, Fax: (312) 357-1611, E-Mail: ew@cambridgecap.com
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