Senior Housing News January 16, 2020
As recession fears let up and historically low occupancy trends turn positive, the senior living industry may be able to rest a little easier about its prospects for 2020 — but it shouldn’t rest on its laurels, either.
That’s because many of the disruptive forces that have molded the industry in recent years aren’t going away anytime soon, according to Beth Mace, chief economist for the National Investment Center for Seniors Housing & Care (NIC).
“Disruption is here to stay, if for no other reason than the fact that we’re shifting from the cohort of the greatest generation and the lucky few into the baby boomers, and they are known as a cohort of disruption,” Mace said Wednesday during a...
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