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The national story for senior living housing is fairly straightforward right now. There appears to have been overbuilding as developers overestimated current demand and they are now adjusting their construction pipeline as they wait for the arrival of baby boomers. At any rate, at bottom, senior housing is a local business and based on various reports, developers believe that many areas are still underserved and potential demand is simply a matter of identifying those markets. However, a recent report from the Kroll Bond Rating Agency, points out that demand in this space can be uncertain, and more importantly, can change abruptly.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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