Attend this informative webinar and about a unique investment opportunity in senior living that will be presented in this evening’s webinar, and will discuss the reasons why senior living is the next best investment that most investors would want to look into. Silicon Valley is one of the strongest housing markets in the country, especially for seniors.
Post pandemic migration has created an acute shortage of housing in the area, making any kind of quality senior housing difficult to find. The US population adds 10,000 seniors per day which means approximately 1,200 seniors every day in the State of California. Since most senior housing projects only have space for 125-150 residents, it’s clear no reasonable rate of construction could absorb the demand. We’re expecting demand for senior housing units to be exceptional since most major recent projects have been fully booked (no vacancies) for years. The availability of other housing options is limited which just helps solidify demand and a “buying” decision from many seniors.
Company will acquire and operate Evergreen Estates, a 95-unit assisted living and memory care facility. The property is over 93% occupied and generates NOI.
The assisted living market is growing by 10,000 seniors daily across the country and available senior housing is consistently about 20% of demand.
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