An Executive Perspective: A Brighter Outlook Ahead
We’re introducing a new monthly feature blog, An Executive Perspective, which conveys the latest insight from GlynnDevins executive leadership who have a lot to share, because they are constantly in contact with the top professionals in the field of senior living, exchanging forecasts, identifying trends and challenges, and developing best practices.
A meeting of the minds took place last week in Dana Point, California for the American Seniors Housing Association (ASHA) 2012 Annual Meeting. GlynnDevins principals attended to share insights and hear the latest news in the field of senior living from top firms and professionals in the for profit and not for profit sectors of senior living.
The key takeaway from the conference was an upswing in confidence in senior living performance, which is a reassuring message after several years of dealing with the aftermath of the economic downturn and not knowing how long it will take to recover. Though dates for total recovery varied, often by region, most all attendees agreed the worst is over and optimism is warranted.
We are all aware of the real estate market struggles as seniors have delayed decisions, but it turns out senior living is doing better than most any other sector involving real estate. Cap rates are higher now than in several years spurring on healthy merger and acquisition activity. Although certainly more progress to be made, steady gains and positive indicators reveal a bright outlook for the years to come. This is an important message to share with prospective residents who may be standing on the sideline looking for signs to move forward.








