The pandemic that took on the world and threw the U.S. economy into disarray hit seniors housing hard. Housing an age group that’s particularly susceptible to the virus has proven to be an extreme challenge.
However, those within the industry still believe in the long-term health of seniors housing as an asset class. During the Great Recession of 2007 and 2008, seniors housing fared better than many other types of real estate. While this recession is distinctly different, many expect seniors housing to fare well again.
Seniors Housing Business spoke with over a dozen brokers that work in senior living real estate and asked them about the past, present and future of this sector in light of the COVID-19 pandemic.