Senior housing occupancy could fall by as much as 50% this year due to Covid-19 — as Bloomberg reported — but this is a worst-case scenario, according to BMO Capital Markets Analyst John Kim. Less dramatic occupancy declines are more likely, yet even these relatively gentler drops could put occupancy at historically low levels. BMO is modeling a base case of a 14% total occupancy decline over the next four quarters for the senior housing operating portfolios of the largest real estate investment trusts (REITs) in the sector, Kim told Senior Housing News. This assumes normal rates of attrition but a lower than usual volume of move-ins.
Read the full article: BMO Analysis: 50% Decline a Worst-Case Scenario, but Historically Low Senior Housing Occupancy Could Be Coming //
Source: https://seniorhousingnews.com/2020/04/06/bmo-analysis-50-decline-a-worst-case-scenario-but-historically-low-senior-housing-occupancy-could-be-coming