A total of 36% of survey respondents believe property acquisitions represented the most opportunity for growth in the next 12 months.

CHICAGO—Seniors housing and long-term care executives found that many are optimistic about acquisitions, but are not so bullish on the development of new properties going forward.

The survey by Capital One found that 36% of surveyed executives believe that acquisitions present the most opportunity for growth, with 30% naming repositioning as the top option.

However, the development of new senior housing and long-term healthcare properties garnered only 14% of the vote in comparison with 24% who said the same in 2018, perhaps indicating a shift in investor appetite as the National Investment Center for Seniors Housing & Care recently announced that the seniors housing occupancy rate reached its lowest point since 2011 during the second quarter at 87.8%. The survey, conducted ahead of the NIC Fall Conference, polled 119 CEOs, CFOs and senior leaders within the industry.