Middle-income senior housing: a forgotten asset class and untapped opportunity
Despite a slew of challenges, the U.S. middle-income senior housing market—or the “forgotten middle,” as Beth Mace, chief economist with National Investment Center for the Seniors Housing & Care Industries (NIC) calls it—presents an untapped opportunity for investors.
Mace sat down with IREI in a video interview to discuss the middle-income senior housing market at the 2020 Visions, Insights & Perspectives (VIP) Americas conference in Dana Point, Calif.
According to Mace, there will be an estimated 14 million middle-income seniors by the year 2029, many of which will have to move into care facilities because of their needs in terms of activities and daily living. Two-thirds of this group are expected to have mobility limitations, necessitating modifications to their home in order to stay there, and 20 percent will have ch