Capital Returned to Senior Housing in 2026. The Real Bottleneck Is Now People.

Senior housing posted $24 billion in transaction volume in 2025 and recovered to 89.9 percent occupancy, with 86 percent of investors planning to increase exposure in 2026. For credible operators with track record, capital is no longer the binding constraint. People are. With industry turnover at 34.5 percent and a workforce net promoter score of 38, the differentiator in senior housing is no longer access to capital. It is the operators who can actually staff what they buy.