1 Institutional investment interest in seniors housing and care is strong and growing. In the first quarter of 2015, transaction volume totaled $19.4 billion on a four-quarter moving average, with more than 122 deals closing. Investor interest can be traced to many factors. Foremost among these factors is its investment track record: both appreciation and income returns for seniors housing have consistently dwarfed other property type returns for more than ten years. On a ten-year basis, total returns as reported by NCREIF were more than 14.1%; this compares with all property types of 8.4%.