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Senior Housing Takes Steps to a Recovery

The Asset Class Was Pummeled By The Pandemic But There Are Subtle Signs That Positive Momentum Is Underway.

This October Taurus Investment Holdings and Northbridge Cos. formed a partnership acquiring six class-A senior housing properties for $200 million from the senior housing REIT Welltower. The 507-unit portfolio marked Taurus Investment Holdings’ first investment within this sector of the commercial real estate universe.

For various—and obvious—reasons, a plunge into the senior housing market right now may seem to be a contrarian play. But Taurus is undaunted.

“We believe that the demand for high quality senior housing will remain strong in the coming years with the upcoming demographic shift as the 75-plus population continues to accelerate,” CEO Peter A. Merrigan said at the time of the deal.

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Erika Morphy

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