HOUSTON: There is a growing concern that the traditional seniors housing retirement community sector is close to ‘over-built’.
An increasing number of analysts, bankers and commentators are raising concerns.
Demographics are one explanation for some of this oversupply phenomenon. Many have talked about the baby boom being a driver of future senior housing occupancy and the “undeniable” population shift that will need senior housing options. But that shift is actually many years away from impacting the market, and housing needs will be manifestly different from the current model…