America Faces A Massive Senior Housing Shortage. Wall Street Sees Opportunity

When Karen Tahler’s 62-year-old brother Raymond Soderberg started going blind due to a degenerative eye condition, she sought senior housing where he could receive the appropriate support. The process took more than three years. 

Tahler reached out to numerous private-pay facilities near her San Fernando Valley, California, home. Many were full, and the ones that weren’t charged between $7K and $10K per month. That was more than Tahler, the director of operations at Resolve Law Group, and her brother, a retired attorney, could afford.

“It was extremely draining and absolutely felt hopeless,” said Tahler, a 56-year-old mother of three.

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RSK: Boomers are aging and assisted living is becoming more and more in demand.