With residents of southeast Texas still reeling from the aftermath of Hurricane Harvey, analysts are working to assess the full scope of the damage on senior housing properties in the area. Houston has 26,969 square feet of senior housing property, valued at $100,000 per square Read More »
Assisted Living Offers Deeper Rent Discounts Than Independent Living
Assisted living communities are currently offering steeper move-in discounts than independent living providers, according to data from the National Investment Center for Seniors Housing & Care (NIC). “What we saw is that the monthly rate discount for independent living continues to be less than for Read More »
Interest in Senior Housing Investment Surges, Prices Stay Flat
The rest of this year may prove busy for senior housing dealmakers, according to newly released survey results from the fourth annual National Real Estate Investor (NREI)/National Investment Center for Seniors Housing & Care (NIC) Seniors Housing Market Study. For the survey, NREI polled 153 commercial Read More »
Why Standalone Memory Care Providers are Struggling With Occupancy
Some standalone memory care providers are having a rough go of it. Take Lake Oswego, Oregon-based Anthem Memory Care, which is having trouble raising equity and paying its quarterly rent in full to LTC Properties (NYSE: LTC), its real estate investment trust (REIT) landlord. Anthem, for its Read More »
What Senior Housing Providers Get Wrong About Market Studies
As the senior housing industry struggles to adapt to declining occupancy rates and staff availability, investing in quality market analyses is a crucial step before breaking ground. As new industry trends emerge, new areas of the market need to be monitored by senior housing owners Read More »
Must-Read News: Top-Paid Execs, Occupancy Plunges
Happy Monday, Senior Housing News readers! Jimmy Buffett played Wrigley Field in Chicago this weekend. Unfortunately, we didn’t get a chance to interview him about his planned 55-plus active adult mixed-use community in Florida, but hearing his tunes up-close certainly made us want to eat Read More »
Assisted Living Occupancy Plummets to Record Low
Assisted living occupancy is continuing to fall nationwide, according to data released Wednesday by the National Investment Center for Seniors Housing & Care (NIC). The average occupancy rate for assisted living properties across the country fell to 86.5% in the second quarter of 2017. That’s 0.7 Read More »
NIC CEO Bob Kramer to Step Down
Big changes are afoot at the National Investment Center for Seniors Housing & Care (NIC)—leadership-related and otherwise. Longtime NIC CEO Robert G. Kramer (pictured above) is stepping down from his leadership position on July 17, at which time he will transition into the title of Read More »
NIC: Senior Housing Occupancy Tumbles to Lowest Point Since 2013
The senior housing industry dealt with an unfortunate combination of high supply and low demand in early 2017—with the result being the lowest occupancy rate since mid-2013. The first-quarter 2017 senior housing annual inventory growth rate increased 0.2 percentage points from the fourth quarter of 2016 Read More »
NIC: Skilled Nursing Occupancy Falls to New Low
Despite a “significant” flu season that could have boosted patient volume, skilled nursing occupancy suffered across the country late last year. In fact, skilled nursing occupancy nationwide fell to 81.8% in the fourth quarter of 2016, according to the latest Skilled Nursing Data Report from the National Read More »