Real estate investors are buying up long-term care facilities. Residents can suffer
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The Bottom Line
Real estate investors are acquiring long-term care facilities, potentially impacting resident care.
How This Affects You
If you or a loved one needs long-term care, the quality of care in facilities may decline due to real estate investor ownership.
AI Summary
Real estate investment trusts are acquiring thousands of nursing homes, assisted living facilities, and hospitals. These trusts act as landlords for these long-term care facilities. Some trusts select the managers and maintain close oversight of these operations. However, these real estate investors deny responsibility for instances of poor patient care. The article implies that residents in these facilities can suffer as a result of this ownership model.
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