- Aug. 28, 2020
-- Commentary by Elena Bakina, PhD, CCIM
During the first half of 2020, the Seniors Housing and Care industry has experienced devastating effects from the COVID-19 pandemic. The mortality rate among people older than 65 has been much higher than younger generations and has forced states to close visitations at the communities temporarily. The hardest affected are skilled nursing facilities (SNFs) versus Seniors Housing Communities, but they are expected to recover quickly due to demand. However, not all Seniors Housing Communities and SNFs were affected equally. In fact, many were not affected by COVID-19 at all. Operators have had to deal with isolation, safety, staffing, increased operating expenses and many other issues caused by the pandemic.
Loneliness, or lack of socialization, is one of the prime reasons people are moving into Seniors Housing Communities. During the pandemic, this same issue has risen in the communities as well. Technology plays a significant role in... To read the full report, click here: https://www2.colliers.com/en/Research/Houston/2020-Houston-Mid-Year-Seniors-Housing-and-Care-Report