Senior Living Operators Carry Occupancy Momentum Into 2024 With New Strategies for Attracting Boomers

This article is part of your SHN+ subscription Senior living operators are now picking up the pace with occupancy,approaching – and passing – census levels last seen in 2019. Signs of the race for occupancy speeding up are apparent, given the broader industry’s 11th consecutive quarter of census growth. Some of the industry’s prominent operating […]

Senior Housing Occupancy Exceeds 85% in Industry’s 10th Straight Quarterly Gain 

Senior housing occupancy exceeded 85% in the fourth quarter of 2023, representing the industry’s 10th consecutive quarter of occupancy growth since the start of the pandemic. That’s according to the latest occupancy data release from NIC MAP Vision on Jan. 11. Occupancy rates for NIC MAP’s 31 primary markets increased to 85.1% in the fourth […]

New Senior Living Construction Starts Likely to Bottom Out in 2024

The number of new senior living community construction starts is likely to reach a low point in 2024 not seen since the start of the Covid-19 pandemic. According to a Dec. 21 analysis from NIC, “mid- or late-2024 [is] the most likely period for senior housing construction starts to reach their lowest point.” Additionally, the […]

Senior Living Rental Rates Still Growing at Near-Record Pace

Senior living rental rates are still growing at a near-record pace, according to a new update from NIC MAP Vision. Rental rates for the three main senior living product types – independent living, assisted living and memory care – “maintained near-record highs observed since the onset of 2023,” according to NIC Principal Omar Zahraoui. Memory […]

Senior Living Occupancy Rises in Q3, Industry Could Hit Pre-Pandemic Levels Next Year

Senior living occupancy rates continued to increase in the third quarter of 2023, and the industry is on track to potentially reach pre-pandemic census levels next year. That’s according to the National Investment Center for Seniors Housing & Care and NIC MAP Vision, which released their latest quarterly occupancy report Thursday. Average occupancy in the […]

Life Plan Communities Continue to Outpace Rest of Senior Living Industry in Occupancy Rates

Life plan communities are continuing to see higher average occupancy than the rest of the senior living industry in 2023, according to a new analysis. . Total occupancy for the life plan community sector, which includes for-profit and not-for-profit communities, surpassed the rest of the industry in independent living, assisted living and memory care, according […]

Assisted Living Operators Closest to Returning to Pre-Pandemic Average Occupancy Levels

The senior living industry is racing back to pre-pandemic occupancy — and operators of assisted living communities appear to be closest to the finish line. Assisted living operators have since the start of the pandemic recovered roughly three-fourths of their overall occupancy losses, according to a new analysis from NIC MAP Vision. Independent living operators, […]