New senior living construction starts are ramping up again in many markets across the U.S. after plummeting in 2020 — and senior living investors and developers should look twice before jumping into a new project. While there is much interest in developing senior housing communities — and many opportunities right now to do so, given […]
Depressed occupancy, staffing shortages, higher expenses, compressed margins, community age — these are some of the forces that have affected senior living valuations in the age of Covid. According to the latest data from senior housing and health care real estate advisory services firm HealthTrust, average senior living sale prices per unit dipped slightly last […]
Average occupancy for life plan communities rose to 85.7% in the fourth quarter of 2021, representing a gain of 1.4 percentage points from pandemic lows seen in the first two quarters of last year. But despite the rebound in occupancy, life plan communities still have more occupancy to regain before the sector is back to […]
Recent occupancy and absorption trends show that recovery is underway in the senior living industry. But not all operators and communities are seeing the same kind of gains. Some communities and property types have rebounded from pandemic lows faster than others, with variations in the same market or the same owner/operator portfolio. Given all of […]
The senior living industry added 1.4% of average occupancy in the third quarter of 2021, according to the latest data from NIC MAP Vision. The senior living industry hit an average occupancy of 80.1% in 3Q21, representing the first gain in occupancy for NIC MAP’s 31 primary markets since the pandemic began. Pent-up demand was […]
Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]
From the effects of the delta variant to a worsening labor crisis, the senior living industry faces myriad challenges — but there are also powerful tailwinds that are propelling a pandemic recovery and should lead to a bright future for the sector. The recent experience of Bild & Company Founder and President Traci Bild illustrates […]
Across 15 different lenders, there were over $1 billion in loans tied to senior housing communities delinquent for over 60 days in the first quarter of 2021. And foreclosures totaled nearly $54 million during this period. But the pace of loan delinquency has declined significantly from its Q3 2020 peak, according to a new lending […]
Occupancy for life plan communities held steady at 84.4% in the second quarter of 2021, still down nearly 5% compared to the previous year. And there are notable disparities in the occupancy rates between entrance fee-based life plan communities and their rental counterparts, as well as nonprofit and for-profit campuses. That’s according to a new […]
Recent data showed senior living occupancy remained flat in the second quarter of 2021, prompting renewed doubts about the pace of Covid-19 recovery. With this as the backdrop, providers are hoping that Q3 2021 will result in a seasonal occupancy uptick, and then some — but that result is uncertain. There is reason for some […]
