Published in Bisnow National on Sept. 4, 2023
Betting on a forecast "silver tsunami" of baby boomers seeking varying levels of at-home healthcare after retiring, developers in the five years leading up to the pandemic poured billions into new assisted living centers and skilled-care facilities.
But now, with that population hesitating to take the step into senior housing, many of these bets are in question as the sector deals with a labor shortage, depressed demand, and $2B in encroaching loan maturities.
Read more in this article, featuring Partner's own, Brian Chandler.