Recession proof?

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The seniors housing and care industry remained robust in the last quarter of 2007. As an example, the percentage of performing loans rose slightly to 99.5%, a new report by the National Investment Center for the Senior Housing & Care Industry (NIC) says. Recent loan performance trouble common to many other areas of the market in recent months has not made an impact on seniors housing and care, according to Robert Kramer, president of NIC. He speculates that loan performance in the first half of 2008 will continue on a similar path.

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