First year-over-year occupancy increase since January 2015
Managed Medicare revenue mix reaches time-series high of 12.1%, higher in urban areas
NIC released its first quarter 2019 Skilled Nursing Data Report last week, which includes key monthly data points from January 2012 through March 2019.
Here are some key takeaways from the report:
Occupancy has been on an upward trend since…
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The NIC MAP® Data Service recently released national monthly data through March 2019 for actual rates and leasing velocity. The NIC Actual Rates initiative is driven by the need to continually increase transparency in the seniors housing sector and achieve greater parity to data that is available in other real estate asset classes. Having access to accurate data on the…
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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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