Special Report: Seniors Housing

Framework in Place for Seniors Housing Sector to Combat COVID-19 Contagion; Additional Aid from CARES Act to Maintain Operations Through Challenging Times

April, 2020

Pandemic dramatically shifts operations. As the COVID-19 pandemic rapidly evolves and substantially impacts markets and the economy, the seniors housing sector has come under pressure, facing steep challenges. The industry may be one of the hardest hit as elderly populations are some of the most vulnerable to COVID-19, creating concerns that operations might be affected and occupancy could decline. Historically, operators are well suited to manage infectious diseases, though, and have procedures in place that are being enhanced to match the current pandemic

Report Highlights:

• Minimal medical needs limit challenges faced in independent living, but overbuilding remains a concern

• Operating costs surging in assisted living sector, but occupancy remains stable

• The entire sector faces complex problems and a reevaluation of resources