The outlook is finally brightening for investors in the senior-housing market, many of whom bet billions of dollars that the aging of the baby boom would send rents and occupancies soaring.
Tag: senior living
Senior-Housing Communities Face Higher Vacancy Rates Amid Coronavirus
The aging-at-home movement, well under way when the Covid-19 pandemic hit, will likely be stoked by the staggering number of related deaths at U.S. nursing homes and other senior communities as well as the surge in telemedicine use. The deadly virus outbreaks at senior communities throughout the country is expected to be front of mind… Continue reading Senior-Housing Communities Face Higher Vacancy Rates Amid Coronavirus
Big Claims Strain Senior Living Market for U.S. Insurers
Last March, a 103-year-old resident of a Sunrise Senior Living facility in Willowbrook, Illinois, went on a field trip to the movies. Ruth Smith, who used a walker, fell down two concrete steps in the theater and died about six weeks later. Now Smith’s estate is suing Sunrise, saying that aides did not properly watch… Continue reading Big Claims Strain Senior Living Market for U.S. Insurers