COVID-19 has upended the seniors living industry.
According to a recent report from Marcus & Millichap, the pandemic has dramatically reshaped the sector and will leave a lasting impact on daily operations, safety protocols and community design.
Others see similar trends in senior housing. "COVID has pushed revenues down in seniors' housing," Greg Limoncelli, a partner with Akerman, told GlobeSt in an earlier interview. "It has pushed expenses up and made people afraid to go into facilities. As a general rule, COVID has hit the industry hard." https://www.globest.com/2020/10/16/senior-housing-occupancy-hits-record-low/
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
