Occupancy reaches 88%, construction hits historic lows, and NOI growth projections outpace other CRE sectors through 2029.
Winter Park, Florida — May 1st, 2025 — Bourne Financial Group, a sponsor of alternative investments, recently announced increased distributions to investors in one of its flagship funds as well as special distributions in two of its friends & family offerings. These distributions reflect the strong performance of Bourne’s seniors housing portfolio.
The firm credits much of this positive momentum to the continued improvement in sector fundamentals. According to NIC Map Data, average occupancy in the seniors housing sector climbed to 88% in the first quarter of 2025, marking a steady rebound from pandemic-era lows. At the same time, new construction starts have significantly declined, signaling a tightening supply pipeline. In the first quarter, the ratio of current construction to existing inventory stood at just 2.5%—compared to a high of 7.2% in 2018 — further reinforcing the sector’s improving supply-demand dynamics.
Adding to this favorable backdrop, Green Street projects that net operating income (NOI) growth in the seniors housing sector will dramatically outpace other CRE sectors through 2029, offering a compelling runway for long-term value creation.
“We are proud to deliver increased distributions to investors, which are a direct result of the sector’s strengthening fundamentals and our team’s ability to capitalize on market opportunities,” said Steve Case, Chief Investment Officer of Bourne Financial Group. “Seniors housing continues to stand out as one of the most attractive segments in the CRE landscape, and with more than a decade focused exclusively in this space, Bourne is well-positioned to take advantage of increasing tailwinds.”
Bourne Financial Group remains focused on leveraging market trends and continuing to deliver strong, risk-adjusted returns across its investment platforms.
About Bourne Financial Group
Bourne Financial Group (BFG) is a private equity firm headquartered in Winter Park, Florida. Since its inception in 2014, BFG has specialized in developing, acquiring, and operating private pay seniors housing communities. The investment approach is based on a disciplined due diligence process that systematically calculates risk while maximizing long-term value. BFG prioritizes thorough, conservative underwriting to generate attractive returns for investors in any economic environment.
All the seniors housing communities in the Bourne portfolio are held to the highest operational standards, and the company takes pride in partnering with best-in-class operating partners. Bourne Financial Group currently manages a portfolio of over 3,000 senior housing units in 18 states across the U.S., totaling over $1 billion in assets under management.
