Podcast: Mission-Critical Repurposing: Converting Aging Senior Living Properties to Affordable Housing
Bill Pomeranz, Managing Director at Cain Brothers, a division of KeyBanc Capital Markets Inc., and David Johnson dive into the plight of senior living facilities around the country that haven fallen into reduced use, disrepair and abandonment. They discuss a conversion process that can benefit sponsors struggling with declining properties by meeting the growing need for moderate-income affordable housing with affiliated healthcare services.
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Read the full article on this topic here.