In Central Florida, Bradford L. Johnson, managing director/principal, Integra Tampa Bay, Tampa, FL, tells GlobeSt.com he isn't seeing the same enthusiasm for investments in senior housing that are evident in Texas, California, Illinois and other seniors shelter markets.

Buyer/investor demand is "less than it was a few years ago," Johnson tells GlobeSt.com. "Demand has slowed down."

Still, he says, investors can realize a cash-on-cash return on equity of between 10% to 15%, "probably right around 12%," Johnson estimates because "this type of property is considered a little higher risk than most properties." On an equity-yield basis, he figures a return of 20% to 30% is achievable.