From Profit to Poor Care: How Real Estate Investors Impact Long-Term Care
An in-depth look at how real estate investment trusts are buying up nursing homes and long-term care facilities, often leading to substandard care for residents.
Real estate investment trusts (REITs) have been rapidly buying up nursing homes, assisted living facilities, and hospitals across the United States, often with devastating consequences for the residents. These corporate landlords are putting profits before patient care, leaving vulnerable individuals to suffer the consequences.
The Rise of REITs in Long-Term Care
In recent years, REITs have emerged as major players in the long-term care industry, owning thousands of facilities and leasing them to operators. These investment firms are attracted to the steady stream of rental income and the potential for high returns, but their focus on maximizing profits can come at the expense of quality care.
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Many REITs select the managers for the facilities they own and maintain a close watch over operations, but they often deny any responsibility for the substandard care that can result.
Source: NPR
