The Covid-19 pandemic has impacted nearly everyone and somehow touched every aspect of the world in which we live. It will change many aspects of the senior housing industry, including not only the prospects for new development but the design and functionality of new senior living communities. While the ramifications both short and long term are still unclear, the pandemic will not change the vast wave of baby boomers who will provide steady demand growth for senior housing for several years beginning in 2022.
Most experts within the senior living industry continue to express optimism about the long term prospects for senior housing, and particularly the assisted living, memory care, independent living and active adult segments, all of which have experienced significantly fewer cases of Covid-19 than have been realized in skilled nursing communities.
As we begin to look to the future, it seems inevitable that Covid-19 will have a lasting impact...
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