Senior Housing Market Turns Corner

CHARLOTTE, NC-An expanding U.S. economy will restore several facets of seniors housing demand, while another year of subdued construction tempers supply concerns. That combination sets the stage for a modest recovery during 2011. So says Marcus & Millichap’s SeniorsHousing Research Report for the first half of 2011.

“The seniors housing sector has improved significantly since last year, as demand begins to pick up from aging baby boomers,” Mike Pardoll, a senior vice president of Investments at Marcus & Millichap in Charlotte, tells GlobeSt.com. “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.”