The U.S. is growing larger and older at an unprecedented rate. By 2060, the population is expected to increase by 30 percent and will be home to nearly 96 million more people than in 2015. Even more significant, is the dramatic surge of people 65 years of age and over in the U.S. Between 2015 and 2060, this sub-segment of the population, known as the “baby boomers,” is expected to more than double from approximately 48 million to over 98 million people. Average annual office visits rise dramatically as we age, due in large part to the fact that as we grow older, we are more likely to manage chronic medical conditions.
Griffin-American Healthcare REIT IV was formed to capitalize on the aging of America and the growth of this country’s senior population. The company seeks to invest in a diversified portfolio of real estate assets that may produce immediate rental income, including medical office buildings, hospitals, skilled nursing facilities, senior housing facilities and other healthcare-related assets. South Coast has enjoyed tremendous success in the preceding three portfolio companies that Griffin has amassed and we expect the trend to continue. Please join us for lunch with Damian Gallagher, Senior VP Griffin Capital, for an update on this healthcare opportunity.