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The economic downturn that created a slump in the nation’s housing market has had a negative impact on seniors housing facilities over the past year, according to 75% of respondents to an exclusive online survey conducted jointly by National Real Estate Investor and Senior Housing Investment Advisors. Still, three-fourths of respondents who own or manage seniors housing facilities expect occupancy levels at their properties to rise by an average of 161 basis points over the next several months.

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The health of the capital markets will be a critical factor in stimulating seniors housing transactions. About half of the survey respondents (49%) say they are considering local and regional banks as a debt-financing source for acquisitions and new construction. The decline in real estate fundamentals across the seniors housing industry because of the economy, along with a wave of maturing debt, has forced lenders to substantially raise their equity requirements.

For the full report on NREI’s 2010 Seniors Housing Study, please click here.