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NIC Investment Guide
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Gain mission critical insight into the seniors housing and care industry. This must-have resource
is essential for anyone involved in, or looking to enter, the industry.
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Frequently Asked Questions
Property Market Size and Property Types of Seniors Housing & Care:
What are the seniors housing and care property types?
How large is the seniors housing and care property market?
What share of seniors lives in seniors housing and care properties?
What are the seniors housing and care property types?
Several types of properties are dedicated to providing both high quality housing and services to seniors. Seniors housing
- comprised of both independent living and assisted living (which is inclusive of memory
care) - and nursing care are the primary property types and are differentiated by the care and services
they provide to seniors. For example, independent living properties emphasize hospitality services and a care-free lifestyle
for relatively healthy seniors, while assisted living properties cater to seniors who, although not bed-ridden, may need
daily assistance with activities such as ambulation, dressing, and eating. Nursing care properties specialize in providing
intensive personal and/or healthcare services. How large is the seniors housing and care property market?
The three major property types are found in campus types such as freestanding (e.g., independent living only) as well as
in combined campuses, such as majority independent living (e.g., independent living combined with assisted living). An additional,
recognized seniors housing and care campus type is the continuing care retirement community (CCRC), which typically includes
all three primary property types on one campus.
How large is the seniors housing and care property market?
Inclusive of market rate properties with at least 25 units/beds, there are currently about 2.8 million units
in slightly less than 21,900 seniors housing and care properties in the United States. As highlighted in the table below.
Nursing care properties dominate the market in terms of number of units and properties. The total market capitalization
of this investment seniors housing and care property market is estimated to be between $245 billion and $275 billion. Additional
details of the number of properties and units that comprise the seniors housing and care property market can be found in
the Section 1.1 of the NIC Investment Guide 2010.
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What share of seniors lives in seniors housing and care properties?
Based on 2010 population estimates, over 20% of the 12 million households headed by persons at least 75
years old reside in seniors housing and care properties. The demand for seniors housing and care is driven mainly by three
factors: the desire of seniors for the less demanding, more carefree lifestyle offered by independent living, the desire
of seniors for the socialization afforded by a community of peers, or the need of seniors for the daily personal care services
offered by assisted living, memory care, and nursing care properties.
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