Occupancy at life plan communities is continuing to outpace non-life plan communities as senior living operators work to grow occupancy back to pre-covid levels in 2023. According to a new report from Ziegler using NIC MAP Vision data, occupancy at life plan communities registered at 87.2% in the fourth quarter of 2022, a marked increase […]
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The Federal Reserve’s move to raise interest rates once again, despite two domestic bank collapses and international financial turmoil, could further dampen lending activity in the senior living industry. In a news conference on Wednesday afternoon, Federal Reserve Chairman Jerome Powell announced an anticipated 0.25% increase in interest rates, with Powell noting recent developments in […]
As operators tweak their portfolios in 2023 with margins in mind, unit mix is among their most crucial considerations. New data from the National Investment Center for Seniors Housing & Care (NIC) showed that appropriately sizing care segments is one of the most important factors when developing and designing a senior living community, and one […]
As the baby boomer demand wave crests, the senior living industry is projected to need many more units in some of the country’s biggest cities, including Dallas, Minneapolis and Seattle. That is according to a report by Integra Realty Resources (IRR), published this week. The report is based on information from Claritas and the NIC […]
The failure of Silicon Valley Bank (SVB) last week could bring added challenges to senior living capital markets, and make an increasingly difficult lending environment even tougher throughout the remainder of the year. The SVB failure is the second largest bank failure in U.S. history, with the bank primarily serving tech investors and venture capital […]
The National Investment Center for Seniors Housing & Care (NIC) is pursuing a new strategic plan, President and CEO Ray Braun announced Thursday at the organization’s spring conference in San Diego. “This is a time of change, challenge and opportunity for the senior housing and health care sectors,” Braun said. “The NIC strategic plan positions […]
The National Investment Center for Seniors Housing & Care (NIC) is forging ahead, going deeper on data than ever before and introducing new educational and research initiatives amid a “great transformation” underway in the senior living industry, NIC President and CEO Ray Braun said Wednesday at the organization’s spring conference in San Diego. “We need […]
The pace of recovery has come at different speeds for senior living operators due to a variety of factors — but one that does not seem to be having a large effect on recovery in 2023 is whether they are in a primary or secondary market. Demand for senior living services remains strong for the […]
Belmont Village CEO Patricia Will begins 2023 “wildly optimistic” about the industry’s prospects. “We’re at the cusp of some changes in the industry that I think bode well in addition to the demand curve we’ve all been waiting for,” Will said during the recent 2023 Outlook webinar hosted by Senior Housing News. And she is […]
Senior living communities that opened their doors in 2022 experienced lease-up rates similar to those seen before the Covid-19 pandemic, a positive sign that the senior living industry could be returning to normal. And, that acceleration in lease-up speed was seen nationwide. This is according to a new analysis by NIC MAP Vision, an affiliation […]