Senior Housing, along with retail and hospitality, took the biggest hit during the pandemic and left some wondering what the space will look like on the other side. Albeit with a magnifying glass and a sharp pencil, debt and equity are now looking at opportunities in the senior housing sector. Sponsorship expertise, financial wherewithal, background, and feasibility studies are all things being scrutinized by capital sources. Whether it be age restricted housing, assisted living, skilled nursing or memory care, the space is slowly recovering with predictions it will do so quicker than initially thought. Whether or not you are in the senior housing space, this asset class is one to watch as it can have broad effects on other CRE assets.
We have spotlighted Avenue Development as a “Best in Class” developer/operator and one of the leaders that will shepherd senior housing back to peak performance.
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