NIC’s 2020 Fall Conference Highlights
- Oct 13, 2020
The National Investment Center for Seniors Housing & Care Fall 2020 conference kicked off between Oct. 6 and 8, with an array of presentations covering topics including senior housing finance, design, operations and more. Top executives discussed how the pandemic has already left an enormous mark on the industry, particularly in terms of declining occupancy, but that the long-term outlook remains positive. Explore the links below to read Multi-Housing News‘ coverage of the conference:
NIC’s Lana Peck examined how the industry’s landscape has shifted in the wake of weakening demand and increasing operating costs.
With housing either unaffordable or unavailable to many seniors, a panel examined a range of potential solutions to expand the sector beyond its traditional, full-service model.
Newmark Knight Frank’s Ryan Maconachy and Blueprint Healthcare’s Ben Firestone discussed how uncertainties and volatility have impacted both overall transaction volume and the length of time necessary to close a deal.
Even as falling occupancy and rising costs have led to hesitancy, a panel of debt and equity providers examined how the sector appears resilient in the long term.
David Segmiller from Hord Coplan Macht explained how, while the pandemic has led to some major shifts in senior housing design, many trends are here to stay.
Deals are still closing, even if underwriting loans has become more complicated. Though investors and lenders both remain concerned about occupancy declines, there are signs that a gradual recovery period may not be far away.