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https://www.wsj.com/articles/baby-boomers-are-living-at-home...

Occupancy rates for senior housing stood at 87.9% in both the second and third quarter—the lowest rate since 2011 when it reached 87.5%, according to NIC, which tracks market-rate properties.

Occupancy levels for assisted-living facilities, a category of senior housing, are also at their lowest levels since reporting on this data began in 2006, NIC said.

“There’s been a severe supply problem,” said Jeffrey Yurk, a portfolio manager who specializes in the health-care sector at Heitman’s North American Public Real Estate Securities Group. He has reduced investments in REITs with bigger exposure to senior housing.
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Since we plan to move to a retirement community in the near future, this may be good news for us. Prices should come down.

Is anyone else planning to (or living in) a retirement community? Comments?

CNC
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