Occupancy at life plan communities is continuing to outpace non-life plan communities as senior living operators work to grow occupancy back to pre-covid levels in 2023. According to a new report from Ziegler using NIC MAP Vision data, occupancy at life plan communities registered at 87.2% in the fourth quarter of 2022, a marked increase […]
NIC MAP Vision
The National Investment Center for Seniors Housing & Care (NIC) is forging ahead, going deeper on data than ever before and introducing new educational and research initiatives amid a “great transformation” underway in the senior living industry, NIC President and CEO Ray Braun said Wednesday at the organization’s spring conference in San Diego. “We need […]
Senior living communities that opened their doors in 2022 experienced lease-up rates similar to those seen before the Covid-19 pandemic, a positive sign that the senior living industry could be returning to normal. And, that acceleration in lease-up speed was seen nationwide. This is according to a new analysis by NIC MAP Vision, an affiliation […]
Total investment returns for the senior living sector dipped to .59% in the third quarter of 2022, representing a drop from the 1.26% returns seen in 2Q22. Still, total returns were positive for the ninth consecutive quarter, a pace kept up since 2Q20 when returns turned negative on pandemic-related pressures. That’s according to a new […]
Raymond Braun is set to take over as president and CEO of The National Investment Center for Seniors Housing and Care (NIC), succeeding current president and CEO Brian Jurutka, the organization announced, on Wednesday. Braun, a former board member and previous NIC chairperson, most recently was dean of the Allen W. and Carol M. Schmidthorst […]
Senior living occupancy rates ticked up for the fifth straight quarter as year-over-year rental rates increased at the highest rate in NIC history. Senior living occupancy increased one percentage point to 82.2% in the third quarter of 2022 in a sign that the post–Covid-19 recovery is steadily marching forward. Demand has rebounded more strongly for […]
This article is sponsored by NIC MAP Vision. In this Voices interview, Senior Housing News sits down with Arick Morton, Chief Executive Officer of NIC MAP Vision, to learn how senior housing executives are using the platform’s data today, and why they continue to renew every year. Morton also shares what’s coming with NIC MAP […]
The senior living industry is undoubtedly in a better place in 2022 as operators continue to grow occupancy. But at the start of the third quarter of this year, many are still grappling with the pandemic’s lingering effects. Occupancy is on the rise across the industry, and many senior living operators have reported seeing sales […]
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