Property Play: Aging boomers could mean big business for senior living
A massive demographic shift is creating unprecedented demand for senior living facilities. But with high interest rates making new developments financially challenging to build, supply is falling short.
CNBC's Diana Olick sits down with Debra Cafaro, CEO of Ventas, one of the world's largest owners of senior housing and a $30 billion real estate investment trust. They discuss how the "silver tsunami" could become the next big play in real estate.
Watch the full interview, and sign up to receive the weekly Property Play newsletter, straight to your inbox.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
21 minutes ago
- CNBC
Apple reportedly ups iPhone production in India as country's Russia ties roil White House
Apple has reportedly boosted iPhone production in India as the country faces pressure from the White House over its Russian oil purchases "We have planned to up the tariffs on India," Treasury Secretary Scott Bessent told CNBC's "Squawk Box" on Tuesday. "These are secondary tariffs for buying the sanctioned Russian oil." Bessent accused India of "profiteering" by purchasing cheap Russian oil and reselling it during the Ukraine war, "which is unacceptable." Earlier this month, President Donald Trump hiked tariffs on India to 50%. The president said in July that he would impose secondary tariffs "at about 100%" on Russia's trading partners if a peace deal isn't reached with Ukraine by September. His comments came as Bloomberg reported that technology giant Apple has reportedly upped production at five of its factories in India as it readies for the launch of its new iPhone 17 models. The expansion includes some new plants and factories belonging to the Tata Group and contract electronics manufacturer Foxconn Technology, according to the report, citing people familiar with the matter. Apple is also looking to create a new iPhone 17e in India next year, according to the report. In recent years, Apple has shifted more production to India as it looks to reduce its reliance on China, especially in the wake of recent trade tensions. Data from Canalys in May estimated that iPhone shipments from India to the U.S. grew 76% in May as trade restrictions loomed. At the same time, Apple has committed to investing over $600 billion in the U.S. over the next four years to improve American manufacturing production. That includes a $100 billion spending expansion this month, which included a $2.5 billion investment to expand iPhone glass maker Corning's production.
CNBC
21 minutes ago
- CNBC
Rebecca Patterson: Inflation being higher & stickier changes how the 10Y is reacting to policy
Rebecca Patterson, BridgeWater Associates former investment strategist, joins CNBC's 'Squawk on the Street' to discuss her reaction to comments by Treasury Secretary Bessent on whether a rate cut could facilitate housing affordability, why bonds behave differently in inflationary environments, and much more.
CNBC
21 minutes ago
- CNBC
Home Depot stock rises as retailer maintains full-year forecast despite Q2 miss
CNBC's Courtney Reagan joins 'Squawk on the Street' with the latest earnings report from Home Depot.
