On Dec. 10, Seniors Housing Business hosted “The Future of Seniors Housing — The 2021 Outlook from a Capital Markets Perspective” webinar, a discussion on how lenders and investors are looking at seniors housing in 2021. Portfolio risk and activity, liquidity, plus agency and bank activity were all topics addressed by panel experts.
How does Debby Jenkins, EVP & Head of Multifamily, of Freddie Mac quantify operational risk and has her response changed due to COVID?
“Specifically for seniors, we are in a position with the volume and velocity at which we securitize and are active in the capital markets that is fairly unique. We literally get a report card on a weekly basis from our investors, in terms of everything we’re doing [including credit].
You have to take a combination of the operational and liquidity. You have to look at those two things in conjunction with each other. So, there’s a premium there given the difference in the business and the need for subsidization on some things and the operating portions of the business — the acuity mixes and things of that nature. But, as importantly, if not more importantly, to investors, it’s the liquidity. Because the senior housing market and the volume is nowhere near the rest of the conventional space, no matter what we would do to affect that. So, I think that investors take all of those things into consideration.”
What lies ahead for investment and lending in the seniors housing sector? Register to hear, and see below for a list of timestamps for some of the topics discussed.
- (06:38) Lines of business and capital markets
- (09:43) Portfolio performance for seniors housing
- (16:44) Lending environment: crisis, volume and liquidity
- (32:22) Quantifying operational risk
- (41:35) Attracting diverse talent to the seniors housing capital markets space
- Morgin Morris, KeyBank Real Estate Capital (moderator)
- Debby Jenkins, Freddie Mac
- Angela Mago, Key Commercial Bank/KeyBank Real Estate Capital
Webinar sponsor: KeyBank Real Estate Capital: Deep industry expertise allows KeyBank to bring valuable content and actionable ideas to their clients. They’re ready to help guide the clients’ business toward strategic goals through customized financial solutions.
To see past Seniors Housing Business webinars, click here. For more information on the seniors housing industry, subscribe to the weekly Seniors Housing Business newsletter or the bi-monthly magazine.