Seniors' Housing Legal News Alert - April 2009


The Industry Today

The U.S. economy is barely purring, in a credit crunch, undergoing economic contraction, and continues to shed jobs. Notwithstanding all of the “pessimism porn” – titillatingly bleak media reports on the state of the economic collapse, much like my opening sentence above – prices of seniors’ housing facilities remained somewhat healthy in a terrible market environment. However, most people believe that the seniors’ housing market will continue to stumble through 2009 much like it did in 2008. Everyone with a stake in the business recognizes that we’re in a deep recession and that property values probably need to fall further to wring out the excesses of the last boom.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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