Our development approach is centered on capitalizing on favorable macroeconomic and demographic trends supporting senior living demand. We focus on high-quality submarkets with strong fundamentals, including population growth, income levels, supply constraints, and access to healthcare and amenities. By pairing thoughtful site selection with tailored product design, we seek to create communities that meet the evolving needs of residents while generating durable, risk-adjusted returns for our partners.
in business in 2026
of Capital Deployed
of senior housing and multifamily developed
of real estate developed
The aging baby boomer generation is expected to drive sustained demand for senior housing over the next decade and beyond. Senior housing communities are predominantly utilized by individuals age 80 and older. This age cohort is projected to experience significant growth in the coming years.
Based on U.S. Census Bureau population forecasts, the population aged 80 and older is expected to grow at an annual rate exceeding 4.5% over the next 10 years, substantially outpacing the overall U.S. population growth rate of approximately 0.5%.
By 2035, the 80-plus population is projected to increase by more than 55%, growing from approximately 14.7 million in 2025 to 22.9 million people. This expansion is expected to continue through 2050, creating a prolonged wave of demand for senior housing that existing and planned supply is unlikely to fully meet.
New senior housing supply remains historically constrained. Following record-low construction starts during the pandemic, elevated interest rates, high construction costs, and tighter lending standards have further reduced new development activity. As of 2025, new construction starts over the prior year represented less than 1% of existing inventory, the lowest level ever recorded by NIC MAP.
While supply growth is expected to modestly increase later in the decade, it is projected to average only approximately 4.5% annually and is unlikely to keep pace with accelerating demand. As a result, industry-wide occupancy reached 89.1% in 2025 and is projected to exceed 93% by 2027, with newer vintage communities achieving higher occupancy levels due to more desirable amenities and units.
Senior housing benefits from sustainable rent growth driven by needs-based demand and limited substitution. As occupancy levels improve and supply remains constrained, operators have demonstrated the ability to grow rents while maintaining affordability relative to alternatives. Monthly senior housing costs typically remain below the expense of in-home care and comparable private-pay healthcare solutions, reinforcing long-term pricing power.
Beyond economics, senior housing offers meaningful lifestyle and social benefits that are difficult to replicate in a home-based setting. Purpose-built communities provide social engagement, wellness programming, and daily support that enhance quality of life for residents while offering peace of mind to working adult children who are often balancing careers, families, and caregiving responsibilities. These dynamics further support sustained demand, improving operating fundamentals and long-term value creation.
Emerging research indicates that senior living communities may positively impact both longevity and overall health outcomes. A 2024 analysis by NORC at the University of Chicago found that older adults who moved into senior housing experienced lower mortality rates and lived longer than comparable peers aging independently in the community. Increased access to preventive care, rehabilitative services, and social engagement within professionally managed environments is believed to contribute to these improved outcomes, reinforcing the long-term value of well-located, high-quality senior living communities.
Our success is built on enduring relationships and programmatic partnerships across the capital stack. We collaborate to creatively structure capital solutions with partners who share our disciplined approach to senior living development.
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INSURANCE COMPANIESLeo Brown Group is guided by experienced principals who strive to bring clarity, discipline, and a deep understanding of real estate development to every investment. Their leadership is what we hope will shape thoughtful growth, long-term value, and trusted partnerships across the communities served.
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