
The
senior housing industry is one of the fastest growing segments
of the real estate market. This trend will continue over the
next several decades.
The drivers for this growth are independent
of economic cycles and supported by powerful demographics, the changing nature of
the American family and societal attitudes.
The senior housing industry is in
need of reliable and efficient capital to sustain
its growth. In the 1990's, "black box" development
structures and overly optimistic growth assumptions caused
Wall Street to lose confidence in the assisted living segment of the market.
As a result, assisted living
public company stock prices declined to all time lows
despite strong long-term fundamentals.
These disappointing earnings, coupled
with forced liquidated asset sales, drove down valuations
for the entire industry, including the perceived value of
privately held operations. Due to past capital shortages, many
private sector operators have been forced to sell properties
in order to grow their business despite strong occupancies
and increased earnings. The combination of volatility, severe
price declines and diminished liquidity options for operators
have led to a capital-constrained industry.
The demand for senior housing is "need-driven",
secular and independent of economic cycles allowing for predictable
and sustainable long-term pricing power and occupancies. This
provides an opportunity for our investors to safely buy into
an industry segment that is growing rapidly and capable of
delivering superior investment returns.
KMF Senior Housing Investors, LLC
is comprised of specialists with proven
success in managing the unique requirements of senior care
assets. Investing in senior housing requires the combination
of both residential real estate and service care management
experience that the principals of KMF have been providing
to their clients for years. The firm provides our clients
with complete asset management
expertise for senior care investments. Investing with KMF
provides you immediate access to the premier senior housing
advisory team in the nation.
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