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Skilled nursing facility residents and employees will likely receive the coronavirus vaccine in the initial rollout, which points to credit positivity for the sector, Fitch Rating says.
Year-to-date investment in the sector plummeted 48% in the industry.
An annual survey of senior living residents and families showed a mostly pleased constituency, while also suggesting possible ways to improve.
Expect a wave of consolidation on the horizon.
Interest is growing as tech-savvy generations are approaching their golden years.
For two straight quarters, the sector has seen occupancies decline.
A few sizable transactions were completed, but the sector still suffered big losses.
COVID-related expenses are being seen as a short-term phenomenon.
Welltower sold the six property, 507-unit portfolio to the newly-formed partnership of Taurus Investment Holdings and Northbridge Cos.
The portfolios are in the senior housing and medical office space and are located throughout the US.