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Which brings us to the fact that.2) We really, really, really don't like the asset mix 55% of Q2 2017 NOI comes from senior housing.We started off sanguine on this sector a few months back, but our deeper research into this has shown a very alarming trend. The supply of new senior housing continues to expand at a very torrid clip.It appears as if the whole industry has embraced the mantra of "If you build it, they will come" (albeit very slowly, since they are seniors). With over 33,000 units under construction, this is a very big headwind for 55% of the portfolio.

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