Nationwide, senior housing occupancy has reached its lowest level in over eight years. Occupancy at U.S. seniors housing communities averaged 87.9% in the second quarter of 2018, dropping 0.4 percentage points from the first quarter of 2018 and 0.8 percentage points from the same time last Read More »
Senior Housing at Risk of Excess Inventory Over Next 8 Years
Predicting the adequacy of future senior housing inventory is tough, and depends in part on assumptions about the age at which people move in, according to a new blog post from the National Investment Center for Seniors Housing & Care (NIC). The blog post compares the estimated Read More »
Fastest Senior Living Lease-Ups Occur in Assisted Living and Memory Care
Assisted living and memory care units generally fill up faster than their independent living counterparts, according to newly shared data from the National Investment Center for Seniors Housing & Care (NIC). The analysis, detailed in a June 6 NIC blog post, is based on a roughly Read More »
Mather, JLL Engage with Universities to Draw Students to Senior Living
With the senior living industry facing a workforce crisis, it’s becoming increasingly urgent to draw talented students to the sector. Two different projects, one involving non-profit provider Mather Lifeways and the other involving commercial real estate firm JLL, showcase the potential payoffs if senior living Read More »
To Attract Baby Boomers, Senior Living Providers Must Give Them Purpose
Over the next decade, when baby boomers finally start to age into senior housing en masse, they’ll bring with them a host of new needs and desires—and if senior living providers don’t take heed, they’re at risk of becoming obsolete. That’s because, unlike some of their Read More »
Private Buyers Drove $2.6 Billion Deal Volume in First Quarter
Senior housing and care transaction dollar volume totaled $2.6 billion in the first quarter of 2018—and deals from private buyers made up half of that total, according to a new blog post by Bill Kauffman, senior principal at the National Investment Center for Seniors Housing Read More »
Assisted Living Occupancy Drops to Record Low 85.7%
Occupancy in the senior housing industry has hit a six-year low, and assisted living occupancy has hit an all time-low, according to new data from the National Investment Center for Seniors Housing & Care (NIC). Specifically, senior housing occupancy averaged 88.3% for the first quarter Read More »
Senior Living Industry Making ‘Huge Mistake’ By Selling Care
The debate around whether senior housing is primarily a health care or hospitality industry has long raged among operators, owners and marketers—and now, one well-known industry figure says far too many companies have emphasized senior living’s health care component over its hospitality side. In fact, Read More »
Top 5 Markets for CCRC Construction
More than 33% of continuing care retirement community (CCRC) construction in the fourth quarter of 2017 took place in just five U.S. markets, according to data publicly released Thursday by the National Investment Center for Seniors Housing & Care (NIC). Specifically, the markets with the highest Read More »
Tight Labor Market Threatens Senior Living Employee Retention
Though the stars appear to be aligning for long-term success in the senior housing industry, near-term headwinds continue to present challenges in employee hiring and retention. “The combination of a strong economy and consumer confidence and a pretty good stock market and home prices that Read More »
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