MIAMI—Thousands of people are becoming official senior citizens every day. According to the US census, the 65-plus population is projected to grow to 71 million seniors by 2030, up from about 40 million seniors in 2010. This growth represents a striking 78% increase and is a true predictor of the impact baby boomers are beginning to have on the real estate industry.

GlobeSt.com caught up with Al Rabil, CEO of Kayne Anderson Real Estate Advisors, one of the most active private buyers of healthcare real estate, to get his take on that impact in part one of this exclusive interview. Rabil believes massive growth and the inevitable construction boom in the healthcare real estate industry is due to a traditional supply and demand story—the surging population of seniors (demand) paired with a significant lack of units (supply).

GlobeSt.com: What are the latest trends in healthcare related real estate?