Why the seniors housing sector? Many investors are eager to find the right entry point into this sector. It’s easy to understand why. According to the National Investment Center of Seniors Housing & Care (NIC), the total value of the investment-grade seniors housing and care property market is already an estimated $372 billion. That figure is expected to grow as the size of the US population over the age of 80 is forecast to increase dramatically.
(Figures and statistics taken from NIC Investment Guide: Investing in Seniors Housing & Care Properties, Fourth Edition. Used with permission. Conclusions and predictions about future trends are not of NIC itself.)
The combined components of real estate, hospitality, and needs-driven service makes seniors housing a unique asset class that offers both growth potential and resilience.
Over the past 10 years, the nominal returns on the senior housing properties within the dataset managed by the National Council of Real Estate Investment Fiduciaries, or NCREIF, have significantly outperformed the broader NCREIF Property Index. As of Q4 2015, seniors housing properties have generated an annualized rate of return of 11.9 percent since Q4 2005 compared to an annualized return of 7.8 percent for the index as a whole.
NCREIF Annualized Total Returns Across Select Property Types
As of 12/31/2015
Why partner with Care?
Care has worked systematically since 2010 to carve out a distinct niche in the seniors housing market. We have a strong track record of performance and are disciplined in our approach. We understand the market, know the participants, and the types of operators with whom we want to work. We track industry trends rigorously and can distinguish the noise from the signals in the data.
The Care platform is an attractive opportunity for investors who:
Care’s operating partners are a hand-picked, carefully curated group chosen for their integrity and their track record of driving high performing businesses. They value the expert counsel as well as the financial resources Care brings to the partnership.
New York (HQ), Iowa, Kansas, Missouri, Nebraska, New Hampshire, and Pennsylvania
Founded in 1990, Calamar is a vertically integrated, full service real estate organization comprised of four main operating groups: Development, Construction, Asset Management, and Finance & Investment. Calamar's senior apartments for 55+ residents offer a range of amenities and services in clean, picturesque, and centrally located properties. Calamar manages 17 communities in NY, IA, KS, MO, NE, NH, and PA.
Greenfield Senior Living, or "Greenfield" seeks to transform the experience of senior living, allowing its residents to lead full and enriching lives. Greenfield combines all the comforts of home with the services, accessibility, and expertise of highly trained staff who love what they do. Greenfield manages 19 properties in VA, PA, MD, NJ, TN and TX.
Heritage Senior Living, or "Heritage," develops, owns, operates and manages seniors housing communities throughout the Mid-Atlantic. Heritage believes in an engaged, hands on management philosophy and they are committed to offering affordable housing options and improving the quality of life for seniors. Heritage manages 15 seniors housing communities in PA, VA and NJ and a non-medical home health care company in PA.
Inspirit Senior Living, or "Inspirit," aims to identify under-capitalized communities and to modernize and professionalize them. Inspirit is committed to being a force of good in every community where it operates, creating good jobs, contributing to the local economy, and above all providing senior care that respects the dignity and gifts of every resident. Inspirit has a growing platform in the Mid-Atlantic and Southern US.
Premier Senior Living Group, LLC, or "Premier," strives to enhance the lives of seniors by providing a cozy, home-like atmosphere in either assisted living and/or memory care communities, with all the advantages of active living. Premier provides an organized and diversified program of individual and group activities along with its hospitality and health care services. Premier operates 25 communities in NY, OH, FL, NC, MI, WI and PA.
Royal Senior Care, or "Royal," has a multifaceted and experienced team that has been working together since its inception in 2002. Royal is a leader in all aspects of seniors housing, including development, acquisition, finance and management. Royal manages 10 senior housing communities in FL, GA, and SC.
Based in Clearwater, FL, Traditions Senior Management, or "Traditions," employs 50 people including executive level management, clinical oversight – both corporate and regional, finance, accounting, reimbursement, human resources and risk management. Traditions manages 26 senior housing facilities in 5 states.
Care Investment Trust LLC
780 Third Avenue (between 48th and 49th Streets) 22nd Floor, New York, NY 10017
212.446.1410 (t) 212.446.1409 (f)