Why America's Seniors Housing Is Booming

Ken Carriero, national director of Colliers International’s National Seniors Housing Group

ORLANDO—With the oldest members of the Baby Boomer generation entering their 70s this year, the demand for seniors housing in the US is growing rapidly. And it isn’t expected to slow down anytime soon, as the 2.5 million Americans who are turning 70 make up just a small fraction of the 75 million people in the Boomer generation.

GlobeSt.com caught up with Ken Carriero, national director of Colliers International‘s National Seniors Housing Group in Clearwater, FL, about the factors driving increased activity in the seniors housing market, and how this activity is affecting buyers and sellers. As developers and investors prepare for the rising senior population, seniors housing properties are selling quickly and lower quality facilities are trading at extremely low cap rates.