At Wedgewood, we maintain relationships with developers, operators, lenders and investors who are active throughout the life cycle of senior housing communities.
Since our inception in 2009, Wedgewood continues to capitalize on the evolving opportunities created in today's dynamic real estate market. In 2010, Wedgewood identified the Senior Housing and Assisted Living market sector as a natural fit for our skill sets. Deep ties within the Senior Living Investment industry allow Wedgewood to provide our clients with direct access to some of the nation’s leading operating management companies and development teams including architects, general contractors, appraisers and third party market study providers.
Wedgewood advises on the funding of both debt and equity transactions in the seniors housing industry, including Assisted Living, Independent Living, Memory Care and Skilled Nursing. We maintain an active pipeline of investment projects and transactions in the Senior Living Industry across the United States.
Since 2005, senior housing has outperformed other property types on the National Council of Real Estate Investment Fiduciaries (NCREIF) Index in terms of appreciation, income and total return.
The senior housing sector has been able to achieve higher rental rate growth year-over-year than any other commercial property designation.
During the Great Recession and over the last fifteen years - the total return for senior housing has outperformed all other sectors. This is primarily due to the fact that it is a needs-based business.
Over two and a half million Americans now reside in senior care facilities and this number is expected to double by 2040. New unit demand will increase from 25,000 units per year to 100,000 per year by 2030.
and Forecast 2007 – 2025
Source: IBISWorld Reports, USCRE sectors based on revenues; S&P Index based on monthly closing prices. Base Year = 2007
Demographic Wave & SLC Unit Demand Super Cycle
Source: Dent Demographic Service; US Census
Great Recession Impact on Year over Year Asking Rent Volatility and Relative Rent Change 2007 – 2012
Source: NIC Map Data Service; Green Street Advisors. Base Year = 2007
Annual SLC New Unit Demand
Source: ASHA/Senior Housing Analytics/Rockwood Pacific based on NIC Data