Senior living’s staffing challenges will improve in the second half of 2023 — but for now, the industry is still mired in widespread shortages. That’s according to a new National Investment Center for Seniors Housing & Care (NIC) survey tracking senior living executive sentiment. More than 48 owners and executives of senior housing and skilled […]
NIC
A new occupancy report issued Thursday shows key markets once again gained occupancy for a sixth straight quarter to end 2022, according to the National Investment Center for Seniors Housing (NIC). In the fourth quarter of 2022, occupancy increased nearly 1% (0.9%) from 82.1% in the third quarter to 83% in Q422, NIC MAP Vision […]
One of the 10 most-read stories on Senior Housing News last year was our coverage of the Cogir and Cadence merger, announced in November. In 2023, expect more deals of this type — and larger ones — to reshape the senior living operator landscape. In fact, Senior Housing News today broke the news of Solvere […]
Each passing year brings closer the huge demand wave for senior living. And as 2023 begins, providers are more focused than ever on the next generation of consumers — but also are struggling to find ways to evolve the product as needed. The struggle is due to economic turmoil and uncertainty, with tight labor markets, […]
Senior housing is still among the popular product types for new investment and development in 2022 despite lingering headwinds related to rising expenses and staffing. Respondents to a recent real estate trends report from PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI) identified senior housing as between “fair” and “excellent” for new investment and development. […]
Senior living operators across the country are preparing residents for some of the most aggressive rate increases in industry history, as providers stare down another year beset with higher costs and labor pressures. In the current environment, increasing resident rates often has little to no impact on recovering margin lost during the Covid-19 pandemic. Instead, […]
The senior living labor crunch has hit the industry hard in 2022 — but a new National Investment Center for Seniors Housing & Care (NIC) survey shows a possible “glimmer of relief” for operators in that regard. A little fewer than 10% of respondents to the most recent NIC Executive Insights Survey reported “severe” staffing […]
In the last month, a number of reports have provided data points that shed light on what the future holds for senior living. These reports have included an update on the middle market opportunity, a definition of the active adult rental sector, a breakdown of health conditions and spending among residents, a deep-dive into memory […]
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 […]
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