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3 Simple Ways to Invest in Senior Housing

3 Simple Ways to Invest in Senior HousingIf you were a real estate investor, say, 10 years ago, you might have heard that senior housing was the next big thing. Back then, the Baby Boomer generation was the largest, and it followed logic that they’d need places to live.

As it turned out, the senior housing boom predicted 10 years ago might have been premature. “Boomers,” as it turned out, were not quite ready to move into senior housing. Even now, the youngest Boomers are only about 70, still 10 years younger than the average person who enters an assisted-living facility.

The lesson is that the hype around senior living that started a decade ago is only now starting to translate into real demand. In fact, the National Investment Center for Seniors Housing and Care (NIC) predicts that there will be twice as much demand for senior housing of various categories by 2045 as there is in 2020.

For real estate investors, it represents an attractive segment of in-demand housing. If you’re a real estate investor who has not yet capitalized on this growing demand, there’s no need to fret. Here are three easy ways to invest in the continuing senior housing boom.

Invest with the crowd

You can find real estate investment trusts (REITs) and individual stocks that specialize in senior housing. If you want to diversify an existing securities portfolio to include the impending demand for senior housing, your options are plentiful.

You could also go online and pretty easily find crowd-funding sites that specialize in senior housing investments. You might have to be an accredited investor for some sites – $1 million net worth and/or $250,000 in annual income – but there are some crowdfunding real estate sites that cater to non-accredited investors that might provide a means to invest in senior housing.

Convert existing facilities

One of the ways that the growing demand for senior housing is being addressed is through the conversion of traditional properties to senior housing.

It involves hotels being transformed into assisted living or memory care facilities. It means that owners of multi-unit apartment buildings are adapting their facilities to accommodate seniors who require certain amenities and access to certain types of care. Why does this make sense?

The occupancy rate for senior housing is above 90 percent in 2019, higher than the historical rates of hotels and better than some traditional apartment buildings. Data also shows that senior housing is statistically less subject to turnover, which means that buildings that once were traditional multi-unit housing can be more profitable as senior-housing spaces, simply because of higher occupancy and lower turnover rates.

Acquire existing properties

Perhaps the easiest way to take advantage of the senior housing boom is to acquire existing properties that qualify as senior housing. This might include single-family homes in a retirement community that already has the amenities seniors seek, or investment in units within a condominium that has been designated for seniors.

According to the NIC, independent living is the segment of senior living most in-demand right now. That’s also the simplest of segments for real estate investors to get into, as it requires the least amount of provided care. Independent living is what it sounds like, often not requiring medical care for residents.

As the population ages, more senior living options will be necessary. The scenario presents an opportunity for investors to buy into growing demand, and there are various ways to accomplish this. Just keep in mind you don’t have to operate a “nursing home” in order to invest in senior housing.

Hot Key West Business Opportunities

6440 Maloney Avenue $12,000,000

6440 Maloney Avenue Stock Island, Florida

9,418 SqFt

1622 Overseas Highway $9,900,000

1622 Overseas Highway MARATHON, Florida

3,400 SqFt

59073 Overseas Highway $7,990,000

59073 Overseas Highway MARATHON, Florida

2 Beds 22,069 SqFt

919 - 921 Duval Street $3,995,000

919 - 921 Duval Street KEY WEST, Florida

9 Beds 6 Baths 4,173 SqFt

3574 Overseas Highway 1-7 $3,750,000

3574 Overseas Highway 1-7 MARATHON, Florida

5 Beds 5 Baths 8,413 SqFt

99304 Overseas Highway $3,700,000

99304 Overseas Highway KEY LARGO, Florida

7,651 SqFt

100150 Overseas Highway $2,900,000

100150 Overseas Highway KEY LARGO, Florida

2,436 SqFt

909 Frances Street $2,400,000

909 Frances Street KEY WEST, Florida

3 Beds 3 Baths 1,728 SqFt 0.040 Acres

19269 Bad George Road $1,650,000

19269 Bad George Road Sugarloaf, Florida

6,205 SqFt

8349 Overseas Highway $1,499,000

8349 Overseas Highway MARATHON, Florida

2,179 SqFt

188 La Paloma Road $1,400,000

188 La Paloma Road KEY LARGO, Florida

3 Beds 2 Baths 1,392 SqFt 0.150 Acres

372 Mahogany Drive $1,400,000

372 Mahogany Drive KEY LARGO, Florida

4 Beds 3 Baths 1,661 SqFt

1075 Duval Street $1,300,000

1075 Duval Street KEY WEST, Florida

1 Beds 1,625 SqFt

916 Red Bird Road $1,300,000

916 Red Bird Road KEY LARGO, Florida

5 Beds 3 Baths 2,556 SqFt 0.110 Acres

511 Greene Street 101 $1,100,000

511 Greene Street 101 KEY WEST, Florida

4 Baths 6,455 SqFt

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!

In the meantime, check out these 1-click searches:

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Newest Key West Commercial Properties on the Market

Built in 2007, this commercial, mixed-use property is situated on White Street off of Elgin Lane very close to Eaton Street and minutes to the Historic Seaport. The current commercial tenant is using the office space for chiropractor services. As you enter the front door, the current layout is as follows. A waiting area and enclosed front desk greet you. To the left of the waiting area is a private windowed office. As you continue into the space there is a treatment room to the right and a supply room to the left. Either of those rooms could easily be transformed into another office. Further on there is an efficiency style kitchen and an ADA compliant bathroom. A set of floating desks lies beside the kitchenette. There is the possibility here for 4 offices and a floating workspace. The property offers 3 off-street parking spaces for the business including an ADA compliant spot in the back of the building.  A private entrance in the rear of the building will lead you up a flight of stairs to the two one-bedroom, one bath units. Each unit offers a small kitchen and loft area. These apartments are in the affordable rental pool. ($1,600 each per month) Great place to live and work! $1,150,000 Active

412 White Street 101 KEY WEST, Florida

2 Beds 3 Baths 1,513 SqFt

Ideal Small Commercial Space for Lease in Old Town.  Excellent location next to the laundry mat on the corner of Eaton and Elizabeth Street's. Perfect for small retailer or business professional with approximately 500sq.ft. of space and street visibility. $2,950 Active

627 Eaton Street down KEY WEST, Florida

1 Baths 500 SqFt

Perfect private office space with windows available for lease office 214 is approx. ~162sf, perfect for two+ desk. Join the friendly business environment catering to a diversity of local small business owners located the 626 Josephine Parker Office Suites in Old Town Key West. Common area breakroom & restrooms, electric and water included. Sales tax is in addition to the monthly rent quoted. Parking is assignable and $150 in addition to rent each month. $1,000 Active

626 Josephine Parker Drive 214 KEY WEST, Florida

2 Baths 162 SqFt

Very rare opportunity to own a piece of Key West History! The iconic Coffee Mill in Old Town, Key West is one of the most recognizable buildings on the island. Built prior to 1907, the property was home to an active coffee bean processing plant until the 1950's. In recent years, the building was famously home to one of Key West's most popular dance studios -- and now is being used as a holistic medicine and wellness center. The current owners have done extensive renovations to update the space to today's standards while maintaining many of the historical features of the property. Updates include a complete modernization of the electrical and plumbing systems, new central A/C and ductwork, masterful restoration of the original hardwood floors, and the construction of private treatment rooms and a business office -- all while preserving the original exterior and character of the building. Additional features include multiple skylights, a period correct metal shingle roof, beautiful historic arched transom windows salvaged from Henry Flagler's Casa Marina hotel, and an updated bathroom. The property is up to current building code and ADA compliant, and was awarded a Ceramic Star for historic preservation and a Certificate of Excellence by The Historic Florida Keys Foundation. The Coffee Mill has been a staple in Old Town for over 100 years and continues to be an important part of the historic district. Commemorating its roots, a section of the milling equipment has been preserved and is on display in the main room of the Mill. Located just steps from world famous Duval Street and walking or biking distance to the island's best restaurants, shopping, and galleries. If you're looking for a space that's as unique as Key West itself, look no further than the iconic Coffee Mill. Easy to show! $1,000,000 Active

916 Pohalski Street KEY WEST, Florida

1 Baths 1,256 SqFt

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Posted in: Buyers, Buying Commercial Real Estate, Buying Tips, Investing Tagged: Florida Keys, Florida Senior Housing, Invest, Investing, property investing, Property Investment, Senior Housing

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