In line with new capital sources and operators in senior living post-recession, The National Investment Center for the Seniors Housing and Care Industry is reporting that three major multifamily players have begun subscribing for NIC’s data services and are expanding in the sector.
“In addition to new capital sources seeking information on the sector, three large regional and national multifamily developers who recently began expanding their operations into the seniors housing and care sector signed up as subscribers to NIC MAP data in the first quarter of 2014,” NIC reported in its most recent Insider newsletter. “These new subscribers are utilizing the NIC MAP data to better understand the seniors housing and care sector, decide which markets to consider, determine what type of properties are in demand and to evaluate alternative sites within the markets they select.”
While NIC did not name the new players, the association specified that the companies, based in the Southeast, Southwest and West Coast have collectively more than 300,000 multifamily units under ownership or management in 30 states.
They are actively seeking sites to acquire and develop, NIC said, along with smaller multifamily developers.
Written by Elizabeth Ecker