Large investors are making a macro call that time is right to enter the seniors market after being on the sidelines even before the pandemic, according to Ted Flagg, Senior Managing Director for JLL Capital Markets, speaking to GlobeSt.
"Finite life investment vehicles that put planned sales on hold with the pandemic are now testing the market with marketing processes," Flagg said. "There is a widely held view that we are in early days of a bull run in seniors housing (e.g., double-digit annual NOI growth over the medium term) – the question is not 'if' there will be outsized growth but rather debate around the timing of that recovery."
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