Demographics are destiny. The longevity revolution. The silver tsunami. Baby boomers aging. They are popular phrases and ones that continue to influence broad-based investor interest in the senior housing asset class.
The reality is, however, that baby boomers (i.e., those born between 1946 and 1964, ages 53 to 71) are not today’s senior housing residents. Today’s residents are an earlier generation and part of either the Greatest Generation, born between 1901 and 1924 and currently 92 years or older, or of the Silent Generation, born between 1925 and 1945 and currently between the ages of 72 and 92. The move-in age to a senior housing property (either assisted living or independent living) is often older than 84. Baby boomers in general have another decade or longer before they become residents.