The most profitable area of real estate right now isn’t hotels, trendy restaurants, or even high rise living. For a real estate investor, the safest return on investment is putting money into senior living facilities. According to the National Council of Real Estate Investment Fiduciaries, in the past 10 years the highest property returns have been on senior housing developments.
Alzheimer’s Rates Expected to Skyrocket
The assisted living housing market, especially those properties with designated memory care facilities, is growing at a rapid pace, partly to keep up with the increasing number of seniors expected to be diagnosed with Alzheimer’s or dementia. Today, an estimated 5.7 people are living with Alzheimer’s. By 2050, the Alzheimer’s Association expects that number to jump to 14 million, with 1 American developing Alzheimer’s every 65 seconds. The disease is an epidemic and savvy real estate investors are aware that putting their money into senior housing is likely to yield great financial returns.