The average senior housing cap rate increased by 74 bps between April and October with non-core Class C Memory Care assets experiencing the highest increase, up by 89 bps to 10.5%, according to the 13th edition of CBRE's Senior Housing & Care Investor Survey.

The survey was conducted in October 2023 and polled the same group of senior housing real estate professionals and investors in its most recent survey (April) and had a 98% response rate.

Core Class C Skilled Nursing assets had the smallest increase of 63 bps to 12.9% and Core Active Adult assets had the lowest average cap rate at 5.8%. Non-core Class C Skilled Nursing had the highest at 13.4%.

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