Real Assets Investments Blog - Harrison Street Private Wealth

Senior Housing: Investing Where Demographics Drive Demand

Written by Harrison Street Private Wealth | Jan 22, 2026 3:45:00 PM

America’s aging population is creating what we believe is a powerful demand driver in real estate. By 2035, the U.S. 80+ population will grow by 7.8 million seniors, fueling the need for nearly 50,000 new senior housing units annually.

The fundamentals tell the story:

  • Occupancy is climbing: 88.6% mid-2025, up from 83.2% in 2022, with projections to surpass the historic peak of 90.3% in 2014.

  • Rent growth is accelerating: Up 4.1% year-over-year, 2Q 2025, signaling strong pricing power.

  • Supply is constrained: Construction starts are at a record low, reinforcing tight conditions through at least 2027.

We view senior housing as a strategic growth engine within commercial real estate, offering needs-based demand, inflation resilience and long-term performance potential.



If you’re an RIA interested in how senior housing can complement client portfolios, let’s connect.

Note: Investing involves risk and principal loss is possible. Distributed by Foreside Funds Distributors LLC. For important information about the Fund, please click here.