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Senior Housing Occupancy Slows in First Quarter


Where are all the seniors going?

According to a report in National Real Estate Investor, the occupancy rate in senior housing dropped to 88.3 percent in Q1, its lowest rate since 2012.

Much of that slide can be attributed to a tough flu season and an excess supply of housing.

“We’ve seen this trend occurring now for a little while, and it’s one that we’ve expected,” says Steve Kennedy, senior managing director at Lancaster Pollard, which provides financial advice and financing solutions for the seniors housing sector.

Meanwhile, assisted living properties have also seen a drop in occupancy rates. Occupancy for the latter fell to a record low of 85.7 percent in the first quarter, as inventory growth reached 4.7 percent.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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