From The Magazine

Seniors housing lending isn’t dormant, but lenders and borrowers alike rethink their strategies as the pandemic continues. By Jeff Shaw The COVID-19 pandemic has been a shock to the entire seniors housing industry at every level, and capital providers in the sector are no exception.  With occupancy at record lows, lenders and investors understandably have changed strategies to protect their investments. Occupancy continued its free-fall in first-quarter 2021, falling 870 basis points year-over-year to 78.8 percent for private-pay seniors housing, according to the National Investment Center for Seniors Housing & …

Although underwriting is more stringent than before the pandemic, lenders and investors are still showing a strong interest in seniors housing. By Jeff Shaw Seniors housing has clearly endured a rough ride as a result of the COVID-19 pandemic. But that doesn’t mean that investors, lenders, developers and owners don’t see value in it. “Value is the worth of all benefits arising from ownership,” said JP LoMonaco, president of Valuation & Information Group. “It is by nature a long-term concept. The value isn’t determined by benefits derived today or over …

By Matt Valley Property valuations have decreased 5 to 10 percent overall across the seniors housing industry due to the operational disruptions caused by the COVID-19 pandemic. That’s the expert opinion of Imran Javaid, managing director of BMO Harris Bank, who says the percentage decline can vary depending on the age of the facility, the operator and the specific asset class. The respiratory virus, which as of Jan. 24 had claimed the lives of more than 417,000 people in the U.S. and ravaged a large swath of the economy, initially …