Seniors Housing Landscape

Asset Class Overview

The seniors housing and long term care industry provides both accommodation and an array of services and program options to seniors. The demand for these properties is primarily driven by the segment of the seniors’ population over the age of 75. The level of services and variety of options available to the seniors housing marketplace continues to evolve as the needs, preferences and demands of seniors and their families change.

The types of properties which facilitate the delivery of accommodation and care services to seniors are typically divided into five categories: seniors apartments (“SA”), independent living (“IL”), assisted living (“AL”), memory care (“MC”) and long-term care (“LTC”). Continuing Care Retirement Communities (“CCRCs”) represent a hybrid model, and typically offer all of the care levels noted above on a single campus.

Property Types by Services Provided​

The following Exhibit 1 highlights the array of services offered across the different property types. Besides accommodation, seniors housing and long term care properties typically offer hospitality services, care services and medical services. This spectrum of property types is commonly referred to as the Continuum of Care.