Senior sector weathers housing turmoil
A LOOK AT NEW DEVELOPMENT, DIVERSIFICATION STRATEGIES, AND CAPITAL MARKETS
Editor’s note: This is the second story in our two-part series examining the senior living sector, which was one of the bright spots of the commercial real estate industry in 2007. The coverage provides a look at the issues discussed during the 2008 Stifel Nicolaus Senior Housing and Health Care Real Estate Conference held earlier this year in Henderson, Nev. We compiled the series through follow-up interviews and a report released by Stifel Nicolaus.
By Dan Emerson
Even though senior living was a bright spot amid a lackluster commercial real estate industry in 2007, investors in the sector are still a bit nervous. They’re worried about the impact that problems in the overall housing market could have on senior living, the idea being that if the residential market remains soft seniors could be more reluctant to move into senior housing.
That insight into the senior living market comes from Jerry L. Doctrow, a managing partner and securities analyst with Stifel Nicolaus. Mr. Doctrow was among a distinguished list of panelists and attendees at the 2008 Stifel Nicolaus Senior Housing and Health Care Real Estate Conference held earlier this year in Henderson, Nev. The conference is an annual gathering of company executives with publicly traded skilled nursing operators, private-pay senior housing operators, and healthcare real estate investment trusts (REITs).
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