Senior Housing News October 18, 2024
When senior living occupancy remained strong in 2008 and 2009, the industry came away with a new reputation: recession-resilient. From 2005 — a few years before the Great Recession — until 2020 and the onset of the COVID-19 pandemic, senior housing saw a 76.6% increase in nominal spending.
Now, as occupancy returns to pre-pandemic levels, that recession-resilient reputation is proving itself once again.
“Being an industry driven by need has really helped senior living as an asset class to thrive, removing a lot of the dips and turns you might see with other asset classes,” says Josh Walker, Vice President of Investments for Inspired Healthcare Capital, or IHC. “That’s despite the fact that the Baby Boomer ‘silver tsunami’ that we’ve...
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