Senior living can draw inspiration from other industries for ways to move forward during the coronavirus pandemic — with professional sports leagues among the organizations to keep an eye on. All of the major sports leagues in the United States are attempting to start or finish their seasons in the wake of the crisis, with […]
National Investment Center for Seniors Housing & Care
The coronavirus pandemic has been the “unexpected shock to the economies” that National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham Mace feared would disrupt a boom market in January. The fate of the senior housing sector is to some extent tied to the residential real estate market; people often must sell […]
Despite encouraging signs that the senior housing industry is responding better to the coronavirus pandemic, the virus is not expected to go away anytime soon and will continue to reverberate across the industry for the foreseeable future. Operators will continue to be pressured by increased expenses; grapple with ensuring the safety of residents, employees and […]
With states across the country gradually lifting Covid-19 shelter-in-place restrictions, a majority of senior housing operators expect to resume move-ins within the next 30 days, and move-ins are accelerating at the best rate since the pandemic started. Moreover, the rapid occupancy declines that impacted the industry as the coronavirus pandemic spread across the country appear […]
Senior housing capital markets are beginning to show signs of stability, more than two months after the coronavirus pandemic sent the markets into a time of peak volatility. Investors — particularly private equity — are raising funds. Lending is slowly loosening. Temporary expenses such as hazard pay and personal protective equipment (PPE) are separated from […]
The coronavirus pandemic sent occupancy rates for senior housing and skilled nursing communities on a downward trajectory in April, according to a new intra-quarterly report released Tuesday by the National Investment Center for Seniors Housing & Care (NIC). Senior housing stabilized occupancy among NIC’s 31 primary markets dropped 110 basis points to 88.7% — the […]
The coronavirus pandemic is highlighting the need — and current lack — of middle-market senior housing, but Covid-19 may also be opening the door for investors and operators to meet growing demand for this product. Investor groups are studying the market landscape to determine how to crack the middle-market equation, and many see the easiest […]
While the Covid-19 pandemic will surely cause major disruptions in the short-term, the senior housing industry is still a good long-term bet if the economy rebounds relatively quickly. The conditions which have girded the senior housing market in recent years — changing demographics chief among them — are not expected to leave with Covid-19. At […]
The senior living industry may come out of the new pandemic era with an even stronger position than before — but in the meantime, operators are taking a hit on net operating income and are relying on support from their capital partners and even their competitors to weather the storm. For example, McMinnville, Oregon-based provider […]
The Covid-19 pandemic has created an environment of peak volatility for senior living, but the industry’s need-based, recession-resilient components open it up to available sources of liquidity. And as a real estate class, it is far more stable than other product such as retail and hotels. Already, lenders are retreating to the sidelines, becoming extremely […]