Demographics tells a story of strong tailwinds for healthcare real estate, given the aging population and the increased visits to medical professionals this population makes.
In an interview published with the December issue of Institutional Real Estate Americas, Artemis’ senior managing directors, Kelly Sheehy and Kevin Nishimura, discuss these economic and demographic drivers of healthcare real estate and what it really takes to be a successful owner and operator of senior housing and medical office.
“Today, we’re most excited about the senior housing opportunity,” says Sheehy. “Coming out of COVID-19, there has been a reset in the basis in senior housing, cap rates have expanded by 150 basis points relative to multifamily, labor costs have stabilized and new-supply growth is low.”
“The continued institutionalization of healthcare real estate and the rotation of investors into core cash flow–oriented product is benefiting medical outp
