Since September 2013, KAREA has invested in 34 private-pay, senior living communities in 10 states totaling 5,554 units. Representing more than $1.2 billion in transaction value, these acquisitions have made KAREA the 27th largest owner of senior housing in the United States.
Through its strategic partnership with Discovery Management Group, a specialized senior living developer and operator with approximately 2,000 employees and over 20 years of senior housing experience, KAREA’s objective is to bring operational efficiencies and improvements to the institutional-quality communities it has acquired. By consolidating assets in an otherwise fragmented sector, the firm also expects to increase the value of its portfolios.
KAREA has also recently forged additional strategic partnerships with best-in-class senior housing operators Liberty Healthcare in the mid-Atlantic and The Freshwater Group in the Southwest region of the United States.
Demographic trends will transform senior housing from a specialized niche sector to a mainstream asset class during the next 15 years
The 65 and over population in the United States is projected to grow from approximately 40 million in 2010 to 71 million by 2030, a 78% increase
Source: American Seniors Housing Association (“ASHA”), Seniors Housing Statistical Handbook, Edition V.
Highly-fragmented sector, where the top 25 owners control only approximately 15% of total senior housing assets