The average occupancy rate for senior housing properties fell to 84.9% as the industry was in the grip of Covid-19 in the second quarter of 2020. That was a 2.8 percentage point decline from the first quarter, representing the sharpest quarterly decline since the National Investment Center for Seniors Housing & Care (NIC) began tracking […]
NIC
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be updating this bulletin to keep you apprised of the latest developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and […]
When the coronavirus pandemic first hit the United States, it inflicted swift and dramatic damage on the U.S. economy as a whole and the senior living industry specifically — but there were hopes of a similarly quick, sharp recovery. Now, those hopes for a “V-shaped” dip and rise have dimmed, and economists and senior living […]
Senior living providers have responded to enormous challenges since the Covid-19 pandemic reached the United States in mid-March, but the hardest weeks might now lie ahead. “I do think that the next 30 days are going to be the most crucial time for our company,” Milo Pinkerton, founder and CEO of Heritage Senior Living, told […]
While the Covid-19 pandemic will surely cause major disruptions in the short-term, the senior housing industry is still a good long-term bet if the economy rebounds relatively quickly. The conditions which have girded the senior housing market in recent years — changing demographics chief among them — are not expected to leave with Covid-19. At […]
Robert Kramer, the founder of the National Investment Center for Seniors Housing & Care (NIC), has launched a new consulting firm called Nexus Insights. Despite being an optimist, Kramer fears that if the senior living industry on a large scale fails to overcome the fear of communal housing caused by Covid-19, an entire generation of […]
In the midst of Covid-19, senior living providers are under intense pressure to prevent residents from going to the hospital or other health care settings where they risk becoming infected with the coronavirus. But it’s more difficult than ever to accomplish this goal, because senior living providers also need to limit the number of health […]
The senior living industry may come out of the new pandemic era with an even stronger position than before — but in the meantime, operators are taking a hit on net operating income and are relying on support from their capital partners and even their competitors to weather the storm. For example, McMinnville, Oregon-based provider […]
Senior housing occupancy could fall by as much as 50% this year due to Covid-19 — as Bloomberg reported — but this is a worst-case scenario, according to BMO Capital Markets Analyst John Kim. Less dramatic occupancy declines are more likely, yet even these relatively gentler drops could put occupancy at historically low levels. BMO […]
Hospitals across the United States are taking urgent steps to free up beds for people with Covid-19. The result could be a cascade of patients through the health care continuum, which would ultimately drive move-ins to assisted living communities and could disrupt their business model in potentially lasting ways. The scenario taking shape is that […]