NIC: Institutional Real Estate Investors Highly Interested in Seniors Housing

Institutional investors rated seniors housing as among the “most attractive property types” for new investments, according to the results of the 2012 Plan Sponsor Survey, conducted by Kingsley Associates and Institutional Real Estate, Inc., reports the National Investment Center for the Seniors Housing & Care Industry (NIC).

The survey is meant to identify real estate investment trends for the largest and most influential domestic tax-exempt investors; its respondents, which include both public and corporate pension funds as well as foundation and endowment funds, account for $1.76 trillion of total assets under management, according to NIC, and approximately $152 billion of total value of real estate portfolios.

More than one fifth of respondents, at 22.9%, currently have investments in seniors housing as of 2012, while 13.3% plan to invest in the sector in 2012. This is up from 2011’s figures, when only 8.3% indicated plans to invest in seniors housing.

The sector has, according to NIC, “consistently remained among the respondents’ five most attractive property types” for new investment. It ranked fourth in 2012, behind multifamily, industrial/R&D, and medical office, but ahead of hotel, retail, office, and infrastructure. Additionally, seniors housing’s “relative attractiveness” for new investment has been among the most consistent among the property types for the past four years, says NIC.

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Written by Alyssa Gerace





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