Record-Setting Occupancy Drops Could Offer Silver Lining for Long-Term Care

Although 2020 has led to record-setting occupancy drops in independent and assisted living facilities, the National Investment Center for Seniors Housing & Care argued that there may be a “silver lining” after all. NIC Chief Economist Beth Burnham Mace suggested that “some of those low occupancy rates of today will benefit from the slow-down in construction starts presently and should benefit from pent-up demand and greater demand projections” for “need-based segments of seniors housing” in particular.

Mace continued to explain that the pent-up demand will align with construction of new, better facilities that will be better prepared to take care of seniors. At the same time, information on COVID-19 only increases, and facilities will be better prepared to face the virus and secure trust in long-term care facilities.

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Robert W. Carter, Jr. is a Virginia attorney whose law practice is dedicated to protecting the rights of the victims of nursing home and assisted living neglect and abuse in Richmond, Roanoke, Norfolk, Lynchburg, Danville, Charlottesville, and across Virginia.

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