With a recent acquisition, Ventas—a leading healthcare real estate investment trust (REIT) with a portfolio of nearly 600 healthcare properties and seniors housing assets in the U.S. and Canada—will own about 14 billion in healthcare and senior housing real estate.
Baby boomers who don’t want to retire to a distant locale (some place warmer or cheaper) may be causing a long-term drag on the U.S. housing sector – and the economy. According to a survey done by Home Depot – 89% of older Americans want to stay in their present houses for as long as possible. But companies like Home Depot are seeing a business opportunity in reaching out to boomers who want to stay put.