While the Coronavirus has sparked new concerns for senior living housing, these communities are proving to be resilient. New technology, renovation and construction
An article in the Senior Housing News, “Covid-19 Predictions for Senior Housing: Occupancy, Pandemic Duration, Industry Recover“, reveals what the recovery of senior communities look like.
Yet, the pandemic will not change the basic demographic makeup of the country, which includes a huge wave of aging baby boomers.
If demand growth of 2% to 3% per year holds steady, occupancy could increase by 150 to 200 basis points per annum for “several years” starting in 2022 or 2023, with net operating income growing “well north” of 5% in that timeframe.
These years could be especially fruitful for REITs, if the pattern from the last economic crisis holds. If the REITs’ stock prices rebound, they could hold a cost-of-capital edge over private buyers coming out of the Covid-19 slump and build up their portfolios as they did in the 2010-2015 time period.
These new times will need a construction and renovation team that understand what’s at stake. SWET Construction Group is committed to the evolution of senior communities, multi-family, student housing, and healthcare facilities.
We focus on our clients’ needs and operational value.
We apply lean construction concepts and methods to reduce waste.
We bring highly experienced and knowledgeable team of professionals to your project.
We partner with our clients for a large variety of projects of all types and sizes, often involving specific skills, expertise and resources.
Apply leading edge technology, leadership, streamline design to meet the project requirements within budget.
At SWET Construction Group we work with our providers, ensuring our approaches, methods and services are matching the current demands and trends. Like the clients we work with, we have new machinery and technology as well as an ever-growing emphasis on safety, high quality and environmentally sound practices.
As a leading engineering firm in the southeastern United States, our services are built on a foundation of high standards and experience ensures the success of our client’s project.