There will be pain in the immediate future, especially for independent living, and some lasting changes in operating procedures.
The coronavirus crisis has rapidly become a major part of Americans’ everyday lives and many of us are thinking about the most vulnerable among us: seniors. The virus has and will continue to impact all sectors of the commercial real estate industry, including seniors housing—independent living, assisted living, and nursing home properties that seniors call home. Coronavirus is creating industrywide uncertainty in the short-term. However, while there is likely to be a new normal as with so many aspects of our lives, the long-term outlook for seniors housing remains positive.
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