The impact of the COVID-19 Coronavirus is not limited to making it harder to sell a senior living community due to nervous buyers and lenders (although we are seeing a thaw). Senior Housing News reports that it has also caused a slowdown in the development of new senior housing product.
https://seniorhousingnews.com/2020/11/22/70-of-senior-living-operators-developers-report-postponing-construction-projects/?itm_source=parsely-api
Not surprisingly, many are taking this time to re-think facility design to enhance their infection control capabilities – a wise choice as many believe that outbreaks similar to COVID-19 are likely to become more common.
https://www.weforum.org/agenda/2020/03/coronavirus-global-epidemics-health-pandemic-covid-19/
Those who use this pause to wisely re-configure and re-structure to prevent similar infections in the future will almost certainly have a competitive advantage moving forward.
