Investment Management - Miami, Florida, United States
OAK Forester Capital Assisted Fiving FundWhy ASL?There were 76 million people born between the years 1946 and 1964, the traditional window for the baby boom generation. That means that they will retire over a 19-year period. Simple math shows that 76 divided by 19 is 4 million, or almost 11,000 people a day.We think outside the box and reinvent seniors housing. The "boomer generation has proven over the decades that it doesn't do things the same way as their parents. And for this, we are going approaching the market in new and different ways.#1: Seniors housing occupancy was unchanged at 88.8%The all occupancy rate for seniors housing, which includes properties still in lease-up, was 88.8% in the fourth quarter, unchanged from the third quarter. #2: Annual inventory growth and annual absorption for both assisted living and independent living flattened during the quarterAssisted living inventory growth has been ramping up for a longer period than independent living in the primary markets.Key Takeaway #3: Nearly one-third of seniors housing inventory growth in past three years occurred in eight metropolitan marketsDuring the past three years, there have been nearly 79,000 units added to the stock of seniors housing inventory among the primary and secondary markets. Key Takeaway #4: Same-store rent growth deceleratedSame-store asking rent growth for seniors housing slowed in the fourth quarter, with year-over-year growth of 2.6%.Asking rent growth for majority assisted living properties was 2.7% Key Takeaway #5: Seniors Housing will continue high demand in 2018 Emerging.
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