Seniors are the nation’s fastest growing demographic.
Every day, more than ten thousand people turn age 65. The majority are workforce retirees and their growth rate is now the fastest in the country. At an estimated 35 percent increase, the senior population is projected to reach an additional 15 million people by 2020, with another 17 million individuals added to this demographic by 2030.
Today, the senior housing and care facility industry is heavily fragmented. Valued at $270 billion, the top 50 asset holders collectively own approximately 500,000 units.
To meet their residential retirement needs, Drever Capital Management (DCM) is focusing on property redevelopment and development opportunities in senior housing.