NIC MAP® Data Service clients attended a webinar in mid-April on the key seniors housing data trends during the first quarter of 2019. Key takeaways included the following:
Takeaway #1: Seniors Housing Occupancy Was Largely Unchanged, but Remained Soft in Q1 2019
Based on the quarterly patterns of inventory and absorption, the all occupancy rate for seniors housing, which includes…
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It’s no secret that the U.S. population of seniors living with dementia is expected to grow in the coming years and thus the demand for memory care (MC) services is expected to increase as well. As a result of anticipated demand, there has been notable growth in memory care units, especially between 2011 and 2016. This has occurred in freestanding…
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NIC MAP® Seniors Housing Rate Tiers
Similar to the intent of “class categorizations” seen across other commercial real estate property types, NIC MAP® has recently developed a “rate tiers” approach to our seniors housing property database that is quantitative and objective, with a goal to further segment our data for our clients. Useful to investors, analysts and senior living operators…
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A key topic of conversation among seniors housing investors and operators is the impact of inventory growth on occupancy rates and the ability to grow rents and revenue. Related to inventory growth are rising costs of construction, which may be one factor influencing a slowing of construction activity. This blog highlights some recent data to support those discussions.
Seniors housing…
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NIC MAP® Data Service clients attended a webinar in mid-January on the key seniors housing data trends during the fourth quarter of 2018. Key takeaways included the following:
Takeaway #1: Seniors Housing Occupancy Edges Up, but Remains Soft
The all occupancy rate for seniors housing, which includes properties still in lease up, inched up to 88.0% in the fourth quarter…
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