Last year, amid the turbulence of the overall U.S. commercial real estate industry and increasing volume declines, many investors increased their activity in some alternative property sectors, including seniors living, according to an analysis released Tuesday by real estate and investment management firm JLL.
COVID-19 has had a devastating effect on the senior living industry. But industry experts said Wednesday that they are optimistic it will emerge a better product on the other side.
The average price per unit in assisted living fell 30% from 2019 to 2020, driven by the sale of numerous “lower-quality” assisted living communities, according to newly released data.
With the possibility that President Biden’s $1.9 trillion stimulus bill could come to the House of Representatives for a vote as early as today, senior living industry leaders are sounding the alarm that the federal government is “abandoning and failing” older adults and their caregivers.
Signs of recovery from the coronavirus pandemic could begin to show in the senior living industry in the second quarter, Adam Portnoy, president and CEO of The RMR Group Inc., said Tuesday.
Senior living thought leaders who gathered this past fall have sketched the framework of the “new normal” of housing and services for older adults, outlining five trends to “future-proof” the industry in a new report.
The coronavirus pandemic continues to negatively affect occupancy in senior living, with percentages released Thursday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service representing all-time lows for the sector.
Occupancy at U.S. senior living communities — including independent living and assisted living communities — reached an all-time low of 80.7% in the fourth quarter of 2020, according to data released Thursday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.
The results of the November election and this week’s runoffs, combined with the COVID-19 pandemic, present an environment for senior living “unlike any it has seen in its 30-plus years,” according to an industry leader.
Virus-related matters will dominate the actions of senior living owners and operators for the time being, industry leaders told McKnight’s Senior Living.
