The United States is experiencing an ongoing and historic age wave. The census predicts nearly 17 million 80-year-olds by 2050. Advances in technology and medicine have contributed to longer life expectancies, creating an aging landscape that is different than previous generations. New seniors will expect different kinds of residences and services from their communities, which will affect industries in all sectors, but most notably senior housing.

As baby boomers get older and face the changes and challenges that come with aging, housing and medical care will increasingly become and continue to be top priorities for them. Clearly, this presents an opportunity for senior housing and poises the sector for significant growth. However, at the same time, supply growth has