Cary Tremper, head of Greystone's Seniors Housing Capital Markets Team, provided insight on the outlook for the seniors housing sector for 2021.
"We started the year with lofty goals from a production standpoint, but COVID-19 quickly brought many challenges to owner/operators of senior living communities. This, coupled with changes in the capital markets, put many transactions on hold. The hardships for residents of senior living, their families and the staff members were real, but there also are some positive takeaways from the pandemic that contribute to the optimistic outlook for 2021 for the industry."
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