The second quarter of 2016 marked a significant drop in volume for closed seniors housing and care property sales transactions. Volume in the second quarter registered $1.6 billion. That includes $1 billion in seniors housing and $600 million in nursing care. The total volume was down 61% from the previous quarter’s $4.3 billion and down 81% from the second quarter of 2015, when volume came in at $8.7 billion.
Amid increased competition and pressure to boost revenue, dynamic pricing strategies can help building operators capture dollars that might have otherwise been left on the table.
The second quarter 2016 data release marks another milestone for NIC and the NIC MAP® Data Service. With this release, we’re excited to officially launch our coverage of 41 additional metropolitan markets.
The aging of the U.S. population has many implications, including: the potential negative effects on the growth of the economy; the fiscal impact on the federal government’s entitlement programs; and the impact on housing and care provision for seniors.