Senior Housing ‘Will Probably Take The Longest To Recover’ From The Coronavirus Recession

The coronavirus pandemic has hit senior housing residents hard. Concentrations of elderly people, especially in nursing homes, have proven tragically susceptible to COVID-19. In the short run, from a business standpoint, the crisis means senior housing occupancies are down and costs are up.

Over the long run, lingering fear among potential residents, or a long recession, might hamper future growth prospects, senior housing experts say. But others say it is possible that the previously forecast silver tsunami will survive the pandemic mostly intact, driving demand for senior housing later in the 2020s.

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