Is Now a Good Time to Invest in Senior Living?

Sector has proven to be more resilient than others during the pandemic. In 2020, the U.S. economy contracted dramatically due to the COVID-19 pandemic, with many industries negatively impacted, including senior living. However, few real estate sectors have proven more resilient in times of turmoil than seniors housing. Since the 2008 recession, seniors housing has outperformed many other types of real estate and has established itself as a compelling asset class for investors. An underpublicized
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Exclusive Research: COVID-19 Weighs on Near-Term Outlook for Seniors Housing

  While COVID-19 has taken its toll, the exclusive annual NREI/NIC seniors housing investor sentiment research finds that respondents retain a bullish view on the long-term prospects for the sector. The coronavirus has made its mark on sentiments among seniors housing investors. Exclusive results from the annual NREI / NIC seniors housing investor sentiment survey highlight near-term concerns about pressures on occupancies, expenses and rent growth, while long-term views are optimistic about future performance. Overall, survey respondents
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Feds Announce Provider Relief Fund Application for Private-Pay Assisted Living

  Private-pay assisted living communities now may apply for funding under the Provider Relief Fund phase 2 general distribution allocation, the Department of Health and Human Services announced Tuesday through the Health Resources and Services Administration. The funding is made possible through the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program and Health Care Enhancement Act, HHS said. “By expanding the Provider Relief Fund to assisted living facilities, we are
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FHA/HUD Seniors Housing and Multi-Family 223(a)7 Refinance

BACKGROUND The FHA / HUD 223(a)7 loan program provides a streamlined refinance option for existing FHA insured loans in order to reduce a project’s debt service burden by lowering the interest rate and extending the amortization period. Qualifying projects stand to further benefit from the credit enhancement afforded by the FHA / HUD loan insurance program with the same attractive features of the existing FHA-insured loan but with lower debt service payments. Key characteristics of
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SBA Funding Program for Senior Housing Acquisitions

As part of SBA’s coronavirus debt relief efforts, they will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020. This relief is not available for Paycheck Protection Program loans or Economic Injury Disaster loans. Borrowers do not need to apply for this assistance. It will be
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