DEVELOPMENT AND OCCUPANCY RATES HAVE DIPPED, BUT NIC CROWD SEES HOPE
By Murray W. Wolf
Penny Pritzker set the tone for the
2009 NIC senior living conference
with an optimistic message.
Photo courtesy of NIC/jvinfante photography
Like medical office, senior living has weathered the recession better than most commercial real estate sectors. But the similarities don’t stop there.
Both are healthcare-related businesses that face risks from possible reimbursement rate reductions and continue to struggle to do business in today’s jittery capital market.
Yet the coming wave of expanded healthcare demand also makes both asset classes an attractive alternative to more traditional investments. So with so much in common, it’s no wonder that many commercial real estate developers, lenders and investors are active in both markets.
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