Harmony Senior Services has brought on former Brandywine Senior Living Chief Corporate Officer Ken Segarnick as the Charleston, South Carolina-based senior living operator’s top leader. According to Segarnick’s LinkedIn profile, he was hired as CEO in May of this year, having worked 21 years at Brandywine Senior Living from 2002 through 2023. During his time […]
National Investment Center for Senior Housing & Care
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The senior living industry’s average occupancy rate ticked up again in the second quarter of the year, and is now approaching levels last seen in 2020. That’s according to the latest occupancy report from NIC MAP Vision. According to the report, released July 11, operators in the 31 primary markets that NIC MAP tracks reached […]
This article is part of your SHN+ subscription Financing for senior living acquisitions has been tight – and yet, the data says many deals are being made. A recent report from the National Investment Center for Seniors Housing & Care (NIC) was the latest evidence showing “inconsistent” financing for new deals, fueled by ongoing challenges […]
Lending for new senior living projects remained muted in the fourth quarter of 2023 as broader macroeconomic factors continued to dictate lending activity. Permanent financing for senior housing and nursing care has “remained inconsistent” across various lending categories, reflecting lingering challenges, including stricter lending standards, wider bid-ask spreads, and lower loan proceeds. Despite those challenges, […]
The industry has seen a low number of new construction starts in the last couple of years. While that has been a boon for short-term occupancy rates, long-term it could present a problem. In 2024, there are many old and aging senior living communities on the market that will need to be upgraded or taken […]
Many current active adult residents are seemingly satisfied with their living experience, and hold affordability among their top desires. That’s according to a new research report by the American Seniors Housing Association (ASHA) and ProMatura Group. The report, released Tuesday, is based on responses from 873 older adults currently living in rental active adult communities, […]
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% […]
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, […]
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