This article is part of your SHN+ subscription Earlier this month in his State of the Union Address, President Joe Biden lambasted companies engaging in “price gouging” and “shrinkflation.” The president was referring to a practice wherein some companies shrink the amount of goods and services sold without also reducing the price. It’s a phenomenon […]
National Investment Center for Seniors Housing and Care
This article is part of your SHN+ subscription Senior living operators have for the last three years felt the sting of higher expenses in their annual budgets as certain line items remain costly. Looking ahead, many operators do not see that changing. While staffing still makes up the lion’s share of most operators’ expenses, the […]
It’s official: after a 13-month search process, Amazon announced today it will split its second headquarters between Long Island City in Queens, New York and Crystal City in Arlington, Virginia. Amazon will invest $5 billion to create 50,000 new jobs between the two cities. Additionally, the e-commerce giant will open a new Operations Center of […]
The age of the single senior housing community operator is going the way of the dodo and the dinosaur. Operators handling 10 or more properties account for 43% of all units in operation, according to data from the National Investment Center for Seniors Housing & Care (NIC), which revealed the data on the final day […]
The National Investment Center for Seniors Housing & Care (NIC) fall conference in Chicago is underway and the senior housing investment advocacy group released news Wednesday in announcing a new software partner certification for seniors housing actual rates — the monthly rates residents pay when living in a senior housing community, as compared to the property’s […]
After tumbling to an eight-year low in Q2, senior housing occupancy nationwide remained unchanged at 87.9%, according to the National Investment Center for Seniors Housing & Care (NIC) Q3 market fundamentals report. The occupancy rate is 0.8 percentage point lower than a year ago, 2.3% lower than the most recent high water mark of 90.2% […]
As investors look toward independent living communities with growing interest, it’s important that senior living developers and providers position these projects to stand out from the competition. Whether by taking a page from the hotel industry playbook or appealing to younger residents, independent living communities should be taking action to win market share—or they could find themselves hurting […]
Average initial move-in rates for both independent living and assisted living properties were below average asking rates for the fourth quarter of 2017, according to data from the National Investment Center for Seniors Housing & Care (NIC) released Wednesday. However, the rate of move-ins in assisted living equaled or surpassed the rate for move-outs in […]
*Editor’s Note: This story has been corrected from a previous version, which inaccurately stated there was a significant decrease in total units among the largest providers. This was based on a mistaken analysis of the data, confusing resident capacity with unit count. Argentum’s 2016 rankings were based on resident capacity, and this year the rankings […]
The demand for Alzheimer’s care has doubled in the last 20 years, and the population of those needing care is expected to nearly triple in size in the next few decades, according to data from the National Investment Center for Seniors Housing & Care (NIC). To meet this demand, memory care providers are developing evidence-based programs […]
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