At a recent RealShare National Healthcare Real Estate conference, panelists discussed the success of senior housing in the past year.
While the market has been strong the last few years with demographic trends continuing demand for the product, some of the panelists were concerned going forward.
“I see a lot of new players coming into the seniors housing space," said Luke Lee, VP of capital markets and structured finance at Transwestern.
And while Darryl Freling, co-founder and managing principal atMedProperties Holdings LLC, isn’t a major player in the seniors housing space, he said that the demographic drivers are certainly there. “We see much lower barriers to entry,” he said. “There are opportunities for overbuilding and that concerns us.”