The decrease in seniors moving into elderly homes because of the novel coronavirus could result in higher leverage expectations over the next 12 to 24 months and rating downgrades in the REIT sector, according to Fitch Ratings.

REITs with senior housing portfolios may experience monthly occupancy declines in the 200 basis point to 400 basis point range.  That number is higher than the 300 basis points that Fitch initially anticipated from declines.

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Dan Clark

Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.

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