By Hayden Spiess Seniors housing industry players have contended with their fair share of challenges over the past couple of years, along with the commercial real estate sector on the whole. Elevated interest rates have continued to complicate investment activity, and increasing costs have impacted all aspects of the senior living landscape, especially development. Given the robust demographics driving the industry though, some of these same challenges have helped fuel its recovery. For instance, depressed levels of development activity are driving down vacancy and generating interest in existing senior living properties. Brokers active in the seniors housing subsector have observed a strong revival of transaction volume and are optimistic for the coming years. Nine of these brokers weighed in and shared their perspective on today’s landscape. Participants included Allison Irwin, vice president, mergers & acquisitions at Evans Senior Investments; Cindy Hazard, president of JCH Senior Housing Investment Brokerage; Dave Fasano, managing director at Berkadia Seniors Housing & Healthcare; Josh Jandris, vice chair and co-head, national seniors housing capital markets at Cushman & Wakefield; Jay Jordan, co-founder of Continuum Advisors; Rob Reis, senior managing director of investments and director of senior housing at Marcus & Millichap; Ryan Saul, senior managing director of …
