The senior living sector continues to make a steady recovery from the catastrophe inflicted on it by the pandemic. Occupancy rates steadily increased throughout 2022, with rents notching their most rapid increase in more than a decade.
As more and more senior living properties stabilize, with occupancy levels approaching 90% and net absorption rapidly filling the number of units relinquished in the pandemic, investors are bidding up the prices for these well-positioned, recession-resistant assets.
A rising tide of capital in 2022 zeroed in on senior living and all of its subsets—including senior housing, assisted living, independent living, skilled nursing facilities, memory care, and a booming new growth sector they're calling "active adult."
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