CBRE – U.S. Senior Housing & Care Investor Survey, Jun 2025

The report focuses on investment trends in senior housing and care in the U.

S. for the first half of 2025. Most respondents reported no change or a decrease in capitalization rates compared to the previous survey. Further declines in cap rates are expected over the next 12 months. The average cap rate for senior housing decreased by 12 basis points over the past six months. Declines were observed in the Skilled Nursing, Active-Adult, Independent Living, and Assisted Living segments, while Memory Care saw an increase. Rent growth of 3-7% is expected over the next 12 months for most segments.