The senior living industry is on track to be “crushed” by middle-market demand. Those are the words of Innovation Senior Living CEO Pilar Carvajal, who spoke with me for the Senior Housing News Transform podcast in May. “It’s actually an opportunity of a lifetime that I don’t know if our industry is going to be […]
National Investment Center for Seniors Housing & Care
Alarms are sounding that the U.S. will enter an economic recession in the foreseeable future, and many operators are preparing for a range of outcomes, from a bumpy landing to business as usual. Rising interest rates, slumping financial markets, and inflation are all causes for concern at a time when operators are already grappling with […]
New mini-perm and bridge loans for senior housing hit a record high of almost $1 billion in the fourth quarter of 2021, suggesting some lenders are for the time being more comfortable with doling out shorter-term, lower-risk loans. That’s according to newly published data from the National Investment Center for Seniors Housing & Care (NIC). […]
Capital is roaring into the senior living industry. Average occupancy has ticked up for the past three quarters. New construction is still relatively down from past years. Senior living developers might view these conditions as green lights for new projects. And to that end, construction is indeed starting to ramp back up in many markets […]
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 […]
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