Key Takeaways from the 2017 NREI/ NIC Senior Housing Market Study
The National Investment Center for Seniors Housing & Care (NIC) and the National Real Estate Investor (NREI) recently conducted the fourth annual NREI/NIC Seniors Housing Market Study from June 28-July 17. The goal of the online survey was to gauge attitudes and opinions regarding the state of the seniors…
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The consideration of a new development raises a lot of questions. How successful will a proposed property be in its initial lease-up period and will it be able to capture some of the existing demand as well as a portion of the current and projected growth? What is the optimal combination of care types? How about the mix of unit…
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Its Local, local, local. Seniors housing market fundamentals are not the same for all markets as local development and demand situations shape conditions. In the first quarter of 2017, pronounced differences in occupancy rates could be seen by both property type and geography. By property type at the national level, there was a 370 basis point difference between majority assisted…
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In recent blog posts, I’ve given you a “deep dive” into the seniors housing markets in the Southeast, California and Texas. Today, I’ll provide a high level look at the seniors housing market in the Northeast. For an even deeper dive, check out the original article in the May edition of the
NIC Insider Newsletter.
The Economy. There are…
This week, NIC MAP® Data Service clients attended a webinar on the seniors housing market trends during the first quarter of 2017. Key takeaways included:
Takeaway #1: Occupancy Fell in the First Quarter
The occupancy rate for seniors housing properties fell 30 basis points in the first quarter of 2017 to 89.3%, as net additions to inventory outpaced absorption of…
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