Real estate, like all free markets, responds to the unmet needs of its target audience.
According to Dave Stolte, senior vice president of the Senior Housing division of the brokerage firm NAI Capital in Newport Beach, the Senior Living market is the fastest growing segment of the entire real estate industry. Every (real estate investment trust) in the United States is chasing Senior Living products and operators and developers.
There’s more money coming our way than at any time in history.” This is supported by population data reported by the CPA firm Moore Stephens Lovelace that an estimated 10,000 people a day will reach age 65 over the next 20 years.
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