Covid-19 dramatically highlighted that senior living communities are health care settings. With that comes an increasing belief among prospective residents and their families that operators will assume primary responsibility coordinating care. Operators recognizing the shift have been able to create an integrated model, blending the hospitality aspects of senior housing with providing primary care and […]
National Investment Center for Seniors Housing & Care
Average senior housing occupancy in large metro markets did not inflect upward in the second quarter of 2021, largely due to a steady stream of new community openings. Occupancy hit a record-low of 78.7% during the second quarter of 2021, according to the latest NIC MAP Vision figures. That represents no change from the first […]
Rental active adult communities were among the senior housing product types with strongest growth rates, prior to Covid-19 — and the segment proved to be very resilient throughout the pandemic. Active adult communities generated more interest from prospective renters, compared to independent living. Sales and marketing teams spent less time converting leads into move-ins. And […]
The U.S. economy is in the grip of a labor crunch, with headlines blaring about worker shortages across industries from trucking to hotels to banking. The senior living industry has not been spared from pandemic-related workforce challenges — but the current difficulties might only be worsening a system that was already under immense pressure before […]
The pressures of the Covid-19 pandemic have led to many changes in the way senior living communities are operated — but it has not led to radical new ways communities are valued. That came as a surprise to Morgin Morris, senior vice president at KeyBank. “This equation — the way that bankers and equity investors […]
A slight majority of communities reported no deaths related to Covid-19 in 2020. That’s according to a new study released Thursday by NORC at the University of Chicago, which reveals the extent to which Covid-19 impacted senior care settings across different levels of care. Notably, two-thirds of independent living communities studied reported no deaths from […]
The Covid-19 pandemic put serious pressure on senior living providers’ bottom lines, but for continuing care retirement communities (CCRCs), those headwinds didn’t gust quite as hard. In fact, CCRCs’ resilience will be talked about for years to come, Eric Mendelsohn, CEO of National Health Investors, said in a recent SHN+ TALKS. As that conversation gets […]
Coming out of Covid-19, senior housing will undergo transformations in three crucial areas: better integration of health care in communities; reassessing the built environment to provide a sharper focus on wellness and lifestyle; and addressing new and long-standing issues that impact operations. Some of these transformations are new, while others have been accelerated by the […]
Senior living providers recovering from the pandemic are using discounts and concessions to regain occupancy, raising concerns about price wars as companies across the industry strive to rebuild occupancy. In November 2020, providers such as Five Star Senior Living (NYSE: FVE) were already observing deep discounts and concessions in the market. Other data, including mystery […]
The National Investment Center for Seniors Housing & Care (NIC) is strengthening its data analytics platform. The industry group this week announced the acquisition of VisionLTC, a data analytics platform based in Raleigh, North Carolina. The platform will be integrated into the group’s NIC MAP data service to create a new platform, NIC MAP Vision. […]