The increasing obsolescence of U.S. Senior Housing stock was a growing concern prior to the Covid-19 pandemic, and the issue has only become more pressing.

As of 2019, the average age of Senior Housing Stock across the 31 primary markets tracked by NIC MAP Vision was 21 years. Today, about 45% of the inventory base across those markets is 25 years or older, NIC Chief Economist Beth Mace told me this week.