Glenn Mueller, Professor, Franklin L. Burns School of Real Estate and Construction Management, offers his insights to Bloomberg Businessweek regarding the aging baby boom generation and the housing market.
The biggest story in commercial real estate in 2012 was the trading of Eugene-Springfield’s senior housing facilities among far-away investor groups.
“Institutional investors see both senior housing and medical care — medical office buildings — as growing because of the baby boom generation. The demand for those kind of products and properties is going to be going up,” said Glenn Mueller, who teaches real estate at Denver University, Johns Hopkins University and the European Business School in Germany.
The U.S. population is aging as the vast baby boom generation is moving into retirement. The population of residents over the age of 85 is expected to double in the next 15 years.
“A retired person is getting their Social Security, their Medicare and Medicaid. A lot of their income for housing services is coming from a fairly secure source,” Mueller said.