A majority of senior living professionals believe that the Covid-19 pandemic will result in permanently higher operating expenses. That’s according to the 2020 Seniors Housing Investor Sentiment Survey from National Real Estate Investor and the National Center for Seniors Housing & Care (NIC). This year’s survey garnered responses from 167 participants from a range of […]
NIC
Senior housing occupancy rates last month fell at their fastest pace since the early days of the coronavirus pandemic. Assisted living occupancy, notably, fell 170 basis points to 82.9%, according to the latest intra-quarterly report from the National Investment Center for Seniors Housing & Care’s (NIC) NIC MAP data service. That is near a record […]
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 […]
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 […]