Senior Housing Spotlight: As Market Rebounds, Complex Legal Transactions Remain

For owners looking to capitalize on market demand and maximize their outcomes—whether through a traditional sale or a more complex transaction—taking stock of the right legal, property, operational and market strategies and how those work together is key.

Over the past five years, since the start of COVID-19 lockdowns, Florida’s senior housing industry has faced significant headwinds. Shutdowns on visitations, which remained in place until September 2020, led to steep declines in occupancy. For senior housing nationally, a pandemic low of 78% occupancy was reached in 1Q2021. Even as the rest of the world reopened, the industry continued to struggle with employee turnover and sharp rises in the costs of labor—all against the backdrop of historic inflation and an unprecedented property/casualty insurance market that began with Hurricane Ian.