The seniors housing market turned in a mixed performance in the second quarter as rents increased but occupancies remained flat, an indication that the sector could be poised for gains as general economic conditions improve.
With wide-ranging ties to many industries, including the oil business, the Lamar Hunt family is probably best known for its association with professional sports. But like a lot of other investors nowadays, the Hunts see opportunity in seniors housing.
Earlier this month, assisted living owner and operator Emeritus Corp. announced that it has agreed to pay $99 million to take full ownership of 24 assisted living buildings it jointly owns with Blackstone Real Estate Advisors.
Seniors housing operators and investors will find some encouraging signs in the latest report on the state of the industry as the annual absorption rate of units hit its highest level since the beginning of 2007.