Demographics, ACA Spur Change in Healthcare RE
ByNetwork with the nation’s top CRE dealmakers at RealShare APARTMENTS in Los Angeles on Oct 21-22,RealShare INDUSTRIAL in Atlanta on Nov 3-4, RealShare NEW LEASE WEST in Los Angeles on Nov 11-12 andRealShare HEALTHCARE REAL ESTATE in Scottsdale, AZ on Dec 2-3.
Cafaro took the reins at Ventas not long before GlobeSt.com began publishing.
NEW YORK CITY—A presentation by Ventas Inc. at this month’s Bank of America Merrill Lynch Global Real Estate Conference helps chart the hows and whys of the healthcare real estate sector’s rise to prominence in the 15 years since GlobeSt.com launched. For one thing, there have been the dynamics of what has been called a silver boom: the oldest of the Baby Boom generation had recently turned 54 when this website made its debut; this coming Jan. 1 they’ll begin turning 70.
And there will be millions more to follow them. “Between 2010 and 2030, the number of individuals age 65+ is projected to nearly double from 39 million to 73 million people, a growth rate nearly 5x faster than the 18% increase expected for the total population” during that time period, according to VTR’s presentation. “As a result the percentage of Americans 65+ is estimated to grow from 13% to 20% of the population by 2030.” Furthermore, the cohort of Americans age 75 and over is expected to grow 8x faster than the general population between now and 2060, according to VTR, whose own timeline of growth into a market-leading healthcare REIT roughly parallels this website’s years of operation. CEO Debra A. Cafaro took the reins in 1999 and, as the new millennium began, turned around a company that had been on the verge of collapse…
