Increasingly, operators of seniors housing and care properties are reporting labor shortages in all occupations across their operating platforms, ranging from care managers to executive directors. More broadly, U.S. employers in April advertised the most job openings in 16 years, yet hiring fell and fewer people quit work. Indeed, job openings rose 4.5% in April to more than 6 million,…
Read Post ›
Investment returns for seniors housing historically have outpaced the overall NCREIF (National Council of Real Estate Investment Fiduciaries) Property Index (NPI), a property-level index that tracks investment return performance for commercial real estate. But while seniors housing returns outperformed the NPI in the first quarter of 2017, the total annual return for this sector has been slowly trending down since…
Read Post ›
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…
Read Post ›
Q1 2017 Transactions Update: Portfolio Deals Drive Volume Gains
This blog is a follow-up to the preliminary transactions data from last month’s post. Here is the latest data as of Q1 2017.
Transaction Dollar Volume Increases
Transactions volume for seniors housing and care registered $4.6 billion in Q1 2017. Seniors housing had a strong quarter, accounting for $4.1 billion of…
Read Post ›
