BY ERIKA MORPHY
Aspecialist in 1031 exchange transac- tions, Inland Private Capital Corp. can offer investors exposure to almost
any asset class in the commercial real estate
family. Recently it doubled down on its
existing healthcare real estate offerings
revealing a new strategic relationship with
the Spectrum Retirement Communities, a
private owner, operator and developer of
senior living communities.
This relationship marked the launch of
IPC’s newest investment platform, which
is focused on acquiring, owning and managing senior living communities across
“When looking at the historic invest-
ment performance for this asset class—its
recession-resiliency, growing demand driv-
ers—in addition to the current supply and
demand imbalance that exists, we believe
the senior living sector is well positioned to
offer our marketplace a product that inter-
sects healthcare and real estate—each
nearly 20% of US GDP and growing,” Nati
Kiferbaum, senior vice president, head of
investment product strategy of IPC, said
when the deal was announced.
IPC is hardly alone in its investment. In
recent years there has been an influx of
new investors in the senior housing space
intent on grabbing market share of what
has become a very attractive CRE asset class.
There are various drivers behind this
trend. For starters, the demographics favor
continued growth for senior housing as
Baby Boomers retire with an eye on their
next stage of life.
Also, debt is very cheap and new sources
of capital for senior housing is on the rise.
“From a borrower’s perspective, the availability of transitional and permanent term
loan financing remains abundant to support their needs,” says Jim Seymour, senior
managing director, Capital One Healthcare.
One example is Cambridge Realty
Capital, which is expanding its private
become more favorable
and new capital
products come to
market, senior housing
is seeing an influx of
NEW INVESTORS FLOCK
TO SENIOR LIVING