i3 senior editor, Drew Campbell, recently discussed senior housing markets with Liangji Kong, an infrastructure policy, management and finance program fellow at Cornell University.

Globally, the baby boomer generation has reached retirement age. How is this affecting the senior housing market?

The baby boomer generation’s aging is driving the demand for senior housing and related services. This is causing an increase in the construction of new facilities and the renovation of existing ones to meet the rising demand for independent living, assisted living, and memory care communities. In addition, there is a growing emphasis on design and technology in these communities to improve the residents’ quality of life and make the facilities more attractive and accessible. This market shift is