WALNUT CREEK, CA—Marcus & Millichap Real Estate Investment Services Inc. has published a new report noting the seniors housing sector has improved significantly since last year, as demand begins to pick up from aging baby boomers.
Another year of subdued construction is tempering supply concerns, paving the way for a modest recovery during 2011. The resumption of job creation has begun to restore healthcare benefits for Americans, for instance, enabling the re-employed to move ahead with procedures requiring rehabilitative services in skilled nursing facilities.
This increase in demand has fueled investment activity from institutions and REITs, whereas last year few institutions risked investing in this sector. Instead there were a healthy number of county healthcare systems disposing of their core assets.
For a complete copy of the report, please contact Stacey Corso, Stacey.Corso@marcusmillichap.com
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