Senior Housing: Demographics, Demand, and NOI Growth with John LaHood

The silver tsunami is no longer theoretical. It’s here.Tait Duryea sits down with John LaHood to unpack why senior living may be one of the most compelling asset classes of the next decade. With occupancy surpassing pre-pandemic highs and development lagging far behind demand, the supply-demand imbalance is accelerating fast.They discuss:Demographic surge of 80+ baby boomers driving demandStrong institutional REIT interest in senior livingLabor challenges and workforce pipeline solutionsAmenitized communities redefining the senior living experienceBlended IL/AL models targeting ~40% NOI marginsMaster-planned development opportunity in Northeast FloridaMacro tailwinds and operational realities of investing in dignified, high-quality senior housingIf you’re a high-income professional looking for recession-resilient demand and long-term demographic tailwinds, this conversation is worth your attention.John LaHood is President and CEO of The Fellowship Family, a Georgia-based senior living organization, and a member of the Georgia House of Representatives representing District 175. A fourth-generation senior living operator, he grew up alongside Fellowship Brookside in South Georgia and has worked in the industry since 1997. In the legislature, he serves on committees impacting aging and healthcare policy and has been recognized by the Georgia Senior Living Association for his leadership and advocacy on behalf of seniors and providers.Show notes:(00:00) Senior living demographic tailwinds(03:54) Pandemic occupancy collapse and recovery(05:25) 18 quarters of occupancy growth(07:40) Industry undersupply and aging inventory(10:21) 370,000 unit shortage by 2030(11:58) Reimagining modern senior living(19:16) Solving labor and CNA pipeline(27:56) Independent vs assisted vs memory care(31:12) 40% NOI blended model(34:10) Wildlight master-planned developmentConnect with John LaHood: https://www.linkedin.com/in/john-lahood-3532a152/ Turbine Capital Private Podcast:Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415dApple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026If you have any questions, please feel free to email [email protected] more about Turbine Capital: Website: https://www.turbinecap.comFacebook: https://www.facebook.com/turbinecapInstagram: https://instagram.com/turbinecapitalThe information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.