Senior Housing News September 27, 2024
Last week, the U.S. Federal Reserve cut interest rates by 50 basis points, lending new cautious optimism for companies looking to grow in 2025.
While the bigger impacts of those cuts likely won’t be felt until early next year – and likely not until larger rate cuts down the road – they do offer “psychological relief” for the time being, according to Lisa McCracken, Head of research and analytics at the National Investment Center for Seniors Housing & Care (NIC).
Indeed, the prospect of rate cuts were already “baked in” to many investors’ forward plans, according to Steve Ervin, senior vice president and head of FHA and seniors housing finance at Berkadia.
To Ryan Saul, managing director at Senior Living...
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