Although seniors housing will continue to be impacted over the near term by the COVID-19 pandemic, investors believe the sector has turned the corner, according to the CBRE U.S. Seniors Housing & Care Investor Survey. Investors responding to the survey expect tempered investment growth in the short-term, with full recovery taking longer.
“In the early stages of the pandemic, the availability of capital slowed to a near standstill, but in recent months, both debt and equity have started to flow into the seniors housing sector again, particularly for buyers and borrowers with pre-existing relationships and proven track records,” said James Graber, national practice leader of Seniors Housing & Healthcare for CBRE’s Valuation & Advisory Services.
Eighty-eight percent expect seniors housing rents to hold firm or rise modestly over the next 12 months. Seventy percent expect occupancy levels to increase over the next year, compared to 53% earlier this year.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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