Aging baby boomers aren’t flocking to senior living facilities in the way builders expected. And it’s creating oversupply issues. Occupancy rates for senior housing were at 87.9 percent in the second and third quarters, the lowest since 2011 when it dropped to 87.5 percent, according to the Wall Street Journal. Builders may have been overzealous in recent years. They picked up the pace since 2012, building 84,727 units since then, nearly 25,000 more than were […]
source https://therealdeal.com/2018/10/31/what-happens-when-healthier-boomers-and-ambitious-builders-mix-a-supply-glut/
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