BOSTON: Senior housing is now drawing interest from development and management companies in the multifamily and hospitality sectors.
The interlopers pose some risk in the short term for traditional operators.
New entrants create fresh perspectives.
“If a new entrant is able to prove the success of its approach, veteran providers are likely to adapt that concept into their current model. Veteran providers are able to learn from other providers’ successes and mistakes without expending their own resources.” said…