The Newest Healthcare Real Estate Opportunities You Need to Know
People worldwide are living longer than ever before, leading to a startling demographic shift. By 2050, the number of Americans aged 65 years and older will reach 82 million, accounting for 23% of the total population. This demographic shift is known as population aging, and it has led to a boom in many industries, including the healthcare and medical device sectors. If you’re a commercial real estate expert, there are several emerging healthcare real estate opportunities you should understand and leverage so you can be at the forefront of this new CRE trend. Let’s dive in.
If you’re looking for even more innovative commercial real estate opportunities, check out our newest free guide, Redefining Real Estate: 8 Emerging Commercial Asset Classes to Consider.
New Healthcare Real Estate Opportunities to Consider
As a GP, it’s important that you continually seek out new commercial real estate investments. If you’re looking to diversify your portfolio, embarking on an investment journey in the healthcare sphere is the way to go. Let’s take a closer look at a few exciting healthcare real estate opportunities:
Outpatient facilities have seen significant growth in recent years. There has been increased consumer demand for more convenient healthcare options because consumers value accessibility and affordability, which outpatient care offers. According to Statista, the outpatient care market in the United States is projected to reach $0.92 trillion by 2029, growing at an annual growth rate of 4.21%.
Advancements in technology and increasing use of telehealth has made it more possible to perform minimally invasive procedures and advanced imaging outside of traditional healthcare spheres, like hospitals. Outpatient facilities also are more affordable and cost less compared to inpatient care. With all of these benefits, it’s clear that GPs should take advantage of this growing demand for outpatient facilities. As technology continues to advance, this is one healthcare real estate opportunity that won’t be going away anytime soon.
An additional CRE opportunity lies in senior housing, which has also seen a boom in recent years. The population is aging and requires more comprehensive care. Senior housing facilities will continue to experience high-demand, making them one of the more recession-proof investments. In fact, according to the National Investment Center for Seniors Housing & Care, the average annual return on these senior housing investments over the past 10 years was 11.4%. This makes senior housing a very promising investment for GPs.
Assisted living facilities in particular are one of the most popular investment types as the boomer generation ages and demand for occupancy increases. In fact, a recent survey from Partner Valuation Advisors gathered responses from about 100 leaders in the senior housing industry, including lenders, investors, and developers, and 33% of respondents identified assisted living facilities as a top investment target. As older generations live longer and longer than previous generations, there will be a high-demand for quality senior housing properties. Are you poised to properly take advantage of this CRE opportunity?
Optimize Your Next Deal with Covercy’s Innovative Platform
If you’re looking to capitalize on these promising healthcare real estate opportunities, you need to ensure you’re using the proper investment management platform that can help you optimize your investment. Covercy is the platform that you need.
With Covercy, you can expect a streamlined investor portal that helps you manage communication with your LPs, view transaction history, and share secure documents that are important for your investment. Our platform has integrated banking features to easily manage distribution payments, simplifying this complex process and giving you time back so you can focus on your next deal.
Best of all, our software can help you earn a high-yield APY on your capital while it’s sitting uncalled because of our partnership with Thread Bank. GPs can also move money instantly between accounts 24/7, with no associated fees for ACH transfers. Streamlining your CRE processes is invaluable, and Covercy understands the importance of helping you optimize your investment. Book a free demo today to see for yourself how Covercy can help you boost the value of your healthcare real estate deal.