Rent Concessions, Overtime Labor Placing Pressures on Senior Living NOI

More senior housing providers are turning to rent concessions to entice move-ins and boost occupancy rates as the coronavirus pandemic approaches its eighth month of disrupting the industry. And an overwhelming number of providers are relying on overtime pay, as well as agency labor, to fill staffing vacancies. These are two of the key findings […]

Senior Housing Occupancy Falls to Another Record Low in Q3

Covid-19 continues to adversely affect senior housing occupancy, which reached another record low in the third quarter of 2020, according to data released by the National Investment Center for Seniors Housing & Care (NIC). The average occupancy rate across NIC’s 31 primary markets fell to 82.1% – a 2.6 percentage point decline from the second […]

Long Stable, Senior Housing CapEx Allocations Must Increase As Stock Ages

For much of the past 20 years, capital expenditure allocations in senior living have been largely trapped in amber. That has changed in recent years. Faced with aging buildings and competition from new communities and operators, CapEx spends have grown gradually since 2015, and even buildings delivered within the past decade are undergoing renovations, Green […]

Senior Living’s Occupancy ‘Barbell’ Suggests Pandemic Winners, Losers

Although senior living occupancy rates are at historic lows as a result of Covid-19, the effect on a market-by-market basis is not uniform. As a result, operators with high occupancy rates are able to withstand continued disruption to operations better than providers struggling with occupancy woes, pre-pandemic. This was among the takeaways from a media […]

Lending Spreads for Assisted Living, Skilled Nursing ‘Remarkably Similar’

Senior housing operators and owners seeking financing at higher loan-to-value ratios are likely to find favorable terms with alternative lenders and finance companies, as banks remain disciplined with their underwriting during the coronavirus pandemic. And among care segments, lending spread differentials between majority assisted living and memory care communities, and skilled nursing facilities, are remarkably […]

What Senior Living Can Learn from the NBA’s Covid-19 Bubble Strategy

Senior living can draw inspiration from other industries for ways to move forward during the coronavirus pandemic — with professional sports leagues among the organizations to keep an eye on. All of the major sports leagues in the United States are attempting to start or finish their seasons in the wake of the crisis, with […]

Aegis Living CEO: Covid-19 to Bring ‘Another 18 Months of Pain’ to Senior Living

Despite encouraging signs that the senior housing industry is responding better to the coronavirus pandemic, the virus is not expected to go away anytime soon and will continue to reverberate across the industry for the foreseeable future. Operators will continue to be pressured by increased expenses; grapple with ensuring the safety of residents, employees and […]

Senior Living Move-Ins Accelerate to Quickest Pace Since Covid-19 Began

With states across the country gradually lifting Covid-19 shelter-in-place restrictions, a majority of senior housing operators expect to resume move-ins within the next 30 days, and move-ins are accelerating at the best rate since the pandemic started. Moreover, the rapid occupancy declines that impacted the industry as the coronavirus pandemic spread across the country appear […]