The average senior living occupancy rate is moving ever closer to pre-pandemic levels, with increases in the first quarter of the year driven largely by low construction starts and high demand. Senior living occupancy rates increased by half a percentage point in the top 31 metro markets tracked by NIC MAP Vision, landing at 85.6% […]
National Investment Center for Senior Housing & Care
The senior living industry’s occupancy rebound and its demand prospects ahead are two of the biggest indicators that operators will see a better year in 2024. That’s according to Rick Brace, director of AEW Capital Management’s research group. Brace, who recently authored a report on the senior housing industry’s prospects in 2024, said he is […]
The middle-market senior living opportunity is “huge” thanks to demographic shifts, new payment sources becoming available and a wave of distressed properties. That was the consensus of panelists from a National Investment Center for Seniors Housing and Care (NIC) webinar hosted Feb. 1. For one, the pool of middle-income older adults is growing. By 2033, […]
This article is available as part of your SHN+ membership For years, the senior living industry has discussed creating new models suitable for the middle market. But for all that effort, the industry still struggles in 2024 to meet the needs of middle-income consumers. When I talk with operators, what I often hear is that […]
More affordable and middle-market housing options are going to be needed as the next generation of older adults approaches average senior living age. A new report, compiled by the Joint Center for Housing Studies of Harvard University, detailed the looming generation of boomers, the oldest of which are turning 80 in the coming years. The […]
This story is available as part of your SHN+ membership Senior living operators are especially optimistic about the prospect of further occupancy growth in the coming year, at least according to their public comments. But as promising as 2024 seems, I think senior living operators still have a substantial hill left to climb and therefore […]
Senior living rental rents have been climbing at roughly double their pre-pandemic pace, increasing by about 6% to 6.7% year-over-year, depending on care type. Yet, senior living communities have become more affordable relative to some other residential options. That’s according to a recently released report on national senior housing trends for the second half of […]
The National Investment Center for Seniors Housing and Care (NIC) has awarded $3 million to establish a new collaborative aimed at creating new ideas and concepts meant to serve an incoming generation of older adults. The funding has been awarded to the Santa Monica, California-based Milken Institute to establish the Aging Innovation Collaborative (AIC) within […]
This content is available as part of your SHN+ subscription This economic cycle is going to feel like a “slow-moving train wreck.” Shankh Mitra, CEO of Welltower (NYSE: WELL), said that last week at the National Investment Center for Seniors Housing & Care (NIC) Fall Conference in Chicago. And his comments were reinforced the next […]
A new generation of older adults is entering the senior living industry, but operators vying for their business can’t simply rest on their laurels. The baby boomers are bringing with them a range of desires and needs out of senior housing communities, and to attract them, operators need to shift their perspective by listening and […]
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