Final Days to Nominate for Influencers in Senior HousingPosted by: jhon | Posted on: August 21, 2020
Arguably experiencing more drastic highs and lows than any other commercial real estate sector as of late, is the senior housing market.
Desiring active lifestyles, downsizing and high-tech amenities, seniors’ demand for updated, luxury senior living developments generated almost immediate results from investors and developers in recent years.
While industry stakeholders complied to the increasing demand for state-of-the-art, amenity-packed independent and assisting living facilities throughout the nation, professionals excessively prepared the market for the aging baby boomer population; resulting in overbuilding and oversupply within the sector.
With a drastic uptick in developments, the seniors housing sector posted its highest transaction volume in four years during the first quarter of 2020, according to a JLL research report; with many investors identifying assisted living and active adult or independent living as the top investment opportunity.
However, this high market interest was soon followed by the unfortunate, overwhelming impacts of the COVID-19 pandemic, which the senior housing sector is currently dealing with, along with the rest of the industry.
As the sector faces a devastating decrease in occupancy rates, industry professionals rapidly exploring solutions to stabilize the market, while faced with the the tasks of quickly implementing innovative solutions to ensure people’s loved ones remain safe, healthy and content within their living environments.
In addition to fulfilling social distancing parameters through creative strategies, these professionals are prioritizing the integration of healthcare-focused technology and tenant-focused digital communication systems within existing and future facilities.
While considering tenants’ evolving needs and the sector’s pre-pandemic fundamentals, senior housing professionals are constantly navigating factors within the market’s uncertain future.
In effort to recognize the outstanding work within this sector, GlobeSt. Real Estate Forum is looking to shine a spotlight on the professionals that help shape the senior housing real estate market. Our Influencers in Senior Housing Real Estate series will profile not only the pioneers who have made an impact with their individual efforts, but also teams and entire organizations who have become crucial to the industry.
The power of influence is vast, and influencers yield such clout that they are able to effect change through direct and, more often than not, indirect action. These are the individuals, teams and companies that have had a recognizable and significant impact on the business. Be it through their contributions to the industry, the numerous successes they’ve racked up in completing deals and projects, or the innovations and best practices they’ve introduced to the business, these are Commercial Real Estate’s Influencers in Senior Housing.
The deadline for nominations is August 24, 2020. To apply, click here.
WHAT YOU SHOULD KNOW
What information/data will I need to apply?
The complete nomination form, including all questions and word limits, is available for download here. Please note that this is for preparation purposes only. Final entries must be submitted online, via the Nominate Now webpage.
Who may apply?
The form is open to any individual or organization whose primary business is in senior housing real estate and related fields, such as law, research, design and consulting. You may nominate individuals, teams or organizations. If nominating individuals, please submit no more than five nominees per company. If nominating a team or company, please include only the names and titles of its leaders and key members. We encourage you to limit your entries to nominees who have made indelible impacts on the business.
When will the issue come out?
Senior Housing Influencers will be profiled in the November/December 2020 issue of GlobeSt. Real Estate Forum, which will be distributed in early December. Selected individuals will additionally gain recognition on GlobeSt.com.
Can I nominate myself?
Yes. We accept self-nominations, as well as third-party submissions.
I was selected as a Senior Housing Influencer last year. Can I apply again this year?
To avoid redundancy, we try to vary the Influencers that we profile from year to year. However, this is limited to the type of nomination that you are submitting. For instance, if your organization or team was previously selected as an Influencer, you may submit again this year as an individual. Conversely, if you were previously chosen as an individual Influencer, you may be nominated as part of a team or company, this year. In either case, your nomination must include updated information that does not mirror the previous year’s submission. View 2019’s Senior Housing Influencers, here.
Is there a fee to apply?
No. Submission to this, as well as all of our editorial content, is free.