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Interest is growing as tech-savvy generations are approaching their golden years.
For two straight quarters, the sector has seen occupancies decline.
A few sizable transactions were completed, but the sector still suffered big losses.
COVID-related expenses are being seen as a short-term phenomenon.
Welltower sold the six property, 507-unit portfolio to the newly-formed partnership of Taurus Investment Holdings and Northbridge Cos.
The portfolios are in the senior housing and medical office space and are located throughout the US.
HUD provided a $30 million loan that was arranged by Greystone.
The submission deadline for GlobeSt. Real Estate Forum's next influencer series is fast-approaching on August 24!
The 34-property portfolio, purchased from Welltower, comprises 27 medical office buildings and seven senior housing communities.
"The newly-pioneered technologies will be essential in providing the best care — medical, cognitive and emotional — to the upcoming wave of seniors."