Manhattan, NY.
NEW YORK CITY- Investorshave stars in their eyes when it comes to seniors andtransit-oriented housing because demand has outpaced supply forboth asset types in core urban markets.
Moreover, shifting demographic factors such as an aging BabyBoomer population and demand for a live-work-play environment inurban markets are favorable to the seniors and transit-orientedsectors for decades to come, according to panelists at a recentAriel Property Advisors Coffee Cap Rates Breakfast in Midtown.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
