In recent years, assisted living facilities have gained popularity among institutional investors. We believe impressive demographic fundamentals will drive the demand for these facilities in the coming years.1
In 2011, the oldest Baby Boomers began turning 65 years old. For the next 19 years, roughly 10,000 people per day will follow in their footsteps.2 The boomer generation is rapidly approaching the age that uses the bulk of healthcare services in our country. As seniors grow old, many move into assisted living facilities to access a higher level of care that would otherwise be unavailable at home. In an asset class that could be poised for long-term growth, some investors may be interested in rolling their current real estate investments into assisted living facilities through a 1031 exchange.