US: Global financial services organisation Macquarie Asset Management has launched a new investment platform, Health Wave Partners, to address the rising demand in the senior housing sector.
Based in Chicago, the venture will invest in high-quality properties alongside experienced operators in regions with strong demographic and economic demand.
The platform will be led by a management team that comprises:
• John Cobb, CEO
• Philip Kayden, CIO
• Elliot Pessis, COO
• Sean O’Malley, MD finance
• Holden Torrens, director of investments
The initiative comes as the ageing baby boomer generation is expected to significantly boost the 80+ population in the US, outpacing new housing supply in the sector.
Eric Wurtzebach, head of real estate at Macquarie Asset Management, said: “We have extensive experience in targeting sectors bolstered by structural tailwinds and selecting the optimal team within those sectors to partner with. We believe Health Wave Partners is uniquely positioned to access the pipeline and mitigate execution risks.”
Cobb added: “Health Wave Partners will focus on investing in what it views to be high-quality properties and partner with experienced operators in regions with strong demographic and economic fundamentals. We believe our team’s expertise and strategic partnership with Macquarie Asset Management positions us for success and are excited to pursue what we believe is a strong opportunity in the market.”
The new platform reflects a broader institutional push into demographic-driven real estate sectors such as healthcare and senior living.
Highlights:
• Macquarie Asset Management has launched a new senior housing investment platform
• The platform will invest in modern, high-quality senior housing in high-demand US regions
• This comes as the 80+ population in the US is set to surge, driving demand for senior housing
