As the older adult population grows locally and nationally, so will the demand for senior housing. In Memphis, the growth in the older adult population is above the national trend line, with local residents 65 and older increasing 40% in the past 10 years.
A 2021 report by senior living development advisory firm Plante Moran Living Forward suggested a slowdown since 2017 in the rate of construction in senior living, further limited by the pandemic and the low occupancy rate at senior living facilities…
