Demand continues to rise across the United States for seniors housing, with the National Investment Center for Seniors Housing & Care’s most recent MAP Market Fundamentals Data report showing that the occupancy rate for seniors housing rose 0.9 percentage points from the third quarter to the fourth quarter of last year.
The occupancy rate jumped from 82.1% to 83%, up 5.2 percentage points from a low of 77.8% in the second quarter of 2021.
In response to this demand, senior cooperative housing communities are emerging as a new option for those looking for an affordable approach to retirement living.
Senior cooperative housing is a type of housing in which residents collectively own and manage the property, sharing in the responsibility of maintaining the community. Residents of senior cooperatives typically purchase a share of the property and pay monthly fees that…
