In our first full week back in the newsroom since the holidays, we were eager to bring our readers the latest news of the new year. Kicking off 2016, you wanted to know how one senior housing provider is easing the move-in process for prospective residents and family members. We were keen to share the […]
NIC
Occupancy rates edged higher at the end of 2015, according to the latest data from the National Investment Center for Seniors Housing & Care (NIC). While the occupancy numbers suggest supply and demand are in balance, NIC also predicts that many senior housing projects will be completed in the coming year, driving inventory growth toward […]
By Jerry Doctrow I have been pessimistic about maintaining occupancy and pricing and the risk of overbuilding in private-pay seniors housing. I shared these concerns, along with lessons learned from the last industry downturn, with the NIC Future Leaders Council at the annual conference of the National Investment Center for Seniors Housing and Care (NIC) […]
The senior living sector is increasingly driven by quality, with providers across the board seeking concrete ways to measure it. Such efforts prove worthwhile, too, given that quality closely ties to a community’s profitability. “They’ve always correlated,” Juniper Communities Founder and CEO Lynne Katzmann tells Senior Housing News. “If you do things well, people will […]
Those waiting on bated breath for interest rates to rise finally got an answer Wednesday after the Federal Reserve announced it would aim to increase its benchmark interest rate, potentially cooling down a hot senior housing market. The historic move is a positive sign for the economy—which the Central Bank has deemed strong enough to […]
Major buyers have been more cautious to invest in large senior housing portfolios due to high prices, raising the question of whether the market has peaked. Some top executives say that it has, and that 2016 could see the completion of bigger deals. Despite a record-high transaction volume in the senior housing sector, real estate investment trusts […]
The senior housing industry has been booming since the end of the recession, prompting some in the sector to return their attention to an asset that struggled during the economic downturn: independent living. Whereas independent living was among the most popular property types pre-recession given its low barrier to entry and apartment-like setup, the economic downturn […]
New senior housing development reached a peak in the third quarter of 2015, hitting the highest level of activity the industry has seen since the National Investment Center for Seniors Housing and Care (NIC) began recording such data in 2008. About 44,000 senior living units were under construction as of Sept. 30 in the nation’s 99 […]
There’s a storm brewing in senior housing: Between wage pressures and work environments that can take an emotional and physical toll, senior living providers are scrambling to recruit and retain staff. A dwindling labor force, though, has many looking to immigration reform as senior living’s saving grace. The stark conditions in the sector have prompted […]
With dipping occupancy feeding fears of senior housing oversupply, scrutinizing a market carefully before developing a new property is essential. And conventional wisdom has singled out some metro areas, such as San Antonio, as especially risky bets. But taking a longer-term—and bigger-picture—perspective reveals some surprising trends and a more nuanced take on some markets with […]
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