The seniors housing and care sector continues to be a standout investment choice, driven by strong demographics. According to the latest “US Capital Trends” report by Real Capital Analytics, seniors housing and care led investment sales growth, with a year-over-year change of 63%. Seniors housing is considered to be the best investment among residential asset classes, according to a recent report from PWCdata, which cites nearly 60% of the three largest healthcare REITs’ investments are in seniors housing.
Texas’ job growth increased by 2.5% over the year, according to recent data released by the Texas Workforce Commission. The state created 315,600 jobs (not seasonally adjusted) between June 2018 and June 2019. During the same time period, the nursing and residential care facilities sector grew by 2.8% on an annual basis. The report also listed the largest growth in occupations with registered nurses topping the list in June 2019.
Texas’ population grew by almost 380,000 in 2018 and is projected to increase by nearly 477,000 in 2019. According to the U.S. Census Bureau, the state’s growth has slowed its natural increase over the last four years, and migration, both international and domestic have declined. In 2018, there were 3.6 million residents age 65 and older in Texas or about 12.5% of the total population. According to the Texas Demographic Center, this number is projected to grow to 5.6 million, or 16% of the population by 2030, and to over 8 million, or 17.5% of the population by 2050.
A BETTER COMMERCIAL REAL ESTATE EXPERIENCE
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
