The Alzheimer’s Association recently released a report that found patients with dementia were more likely to contract Covid-19 than their healthier counterparts. It’s a reality known all too well by memory care providers, which had endured several years of headwinds before the pandemic forced them to confront even more harrowing challenges. Now, they are trying […]
Occupancy for life plan communities dipped to 85.7% in the fourth quarter of 2020, representing a new low for the product type, but the rate is still far higher than what the wider industry is seeing. That’s according to a new analysis from specialty investment bank Ziegler and Lana Peck, senior principal with National Investment […]
One month into 2021, senior housing occupancy sits at all-time low levels, and it likely will take a year or more for census to recover to pre-pandemic levels. That’s the take of three industry leaders who participated in the January 29 webinar on the financial outlook for senior housing in 2021, hosted by Senior Housing […]
The arrival of coronavirus vaccines is having a positive impact on customer confidence in senior housing. More than 2.7 million doses of Covid-19 vaccines have been administered to residents in nursing homes, assisted living facilities and other senior living settings as of January 26, according to the latest executive survey insights report conducted by the […]
A new president and a new Congress could accelerate the distribution of Covid-19 vaccines, change the federal minimum wage and set crucial public health policies related to Medicare Advantage and other programs. The senior living industry will play an important role in how these actions unfold in the coming months and years — but what […]
Senior living occupancy rates have reached a new low as pressures from the Covid-19 pandemic continue. Furthermore, the number of senior living operators with occupancy rates below the market average grew in 2020. But the prospect of a vaccine on the horizon offers a glimmer of hope for the coming year. U.S. senior housing occupancy […]
Occupancy and expense pressures related to Covid-19 will continue to adversely affect senior housing investment in the coming year, and are even tempering refinancing opportunities. And the pandemic will force more smaller owners and operators to exit the sector, frustrated by the operational intensiveness of the product type, compressed net operating income (NOI) and tighter […]
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 […]
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 […]
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 […]