“It’s a need, not a want” for many residents: Investors eye long-term gains in senior housing

The Orbach Group — a real estate firm better known for flipping rent-stabilized apartments before Albany’s rent law overhaul last summer — recently nabbed a portfolio of 700 age-restricted senior housing units in New York and Pennsylvania. In a sign of the times, the $75 million deal closed via Zoom in May, according to the buyer. Meyer Orbach, the company’s CEO, pointed out that the five residential complexes are not nursing homes, which require around

source https://therealdeal.com/2020/06/30/its-a-need-not-a-want-for-many-residents-investors-eye-long-term-gains-in-senior-housing/