1. Not really talked a lot is the value of the *change* in Cap Rates as it relates to value / wealth creation for real estate owners.
    A rise in Cap Rates means less money for the Owner who is selling.
    So, when investors are considering seniors housing vs. other investments like office buildings or apartments, the decline in Seniors Housing Cap Rates and an increase in office & apartment Cap Rates, means that Seniors Housing Owners/Investors have a better ROI (Return on Investment) as compared to office or apartments.
    Chris Foley
    CPA (Retired)
    Equity National Seniors Housing Brokerage & Advisors