NIC: First quarter sees $1.7 billion in closed seniors housing deals; private buyers especially active
The first quarter of 2018 had $1.7 billion in seniors housing transactions closures, Bill Kauffman, senior principal at the National Center for Seniors Housing and Care said Wednesday.
Twenty-two of the 31 markets tracked by the National Investment Center for Seniors Housing and Care had senior living community occupancy rates that were lower in the first quarter than year-earlier levels, according to NIC.
Assisted living occupancy reached a record low in the first quarter of 2018, according to data released Thursday by the National Investment Center for Seniors Housing & Care.
More than one-third of all continuing care retirement community unit construction was taking place in five markets as of the fourth quarter of 2017, according to Lana Peck, senior principal of the National Investment Center for Seniors Housing & Care.
Public investors are pulling back from seniors housing for four reasons, according to National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham Mace.
The tight labor market is preventing the construction of senior living communities and increasing wage pressure among operators, according to National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham Mace.
We are all deeply saddened at the passing of Tony Mullen. It was his love for the seniors housing and care industry that I believe will resonate.
Senior living industry leaders are remembering Anthony James "Tony" Mullen as a trailblazing, passionate advocate of seniors housing and care as well as a good friend. Mullen died Saturday after having a heart attack. He was 61.
Funeral information for Tony Mullen, a founder of the National Investment Center for Seniors Housing & Care. And appointments at Erickson Living, Hunt Mortgage Group, It's Never 2 Late, LeadingAge, Lutheran Senior Services, New Perspective Senior Living, Solvere Senior Living, Stratus Interoperable and Sun Health.
Panelists at a Thursday educational session at the National Investment Center for Seniors Housing & Care's Spring Investment Forum in Dallas shared advice for addressing senior living's No. 1 challenge: recruiting and retaining workers.
Maria Nadelstumph of Brandywine Living shared with attendees at the NIC Spring Investment Forum what her company had learned when seeking partners to help integrate care delivery into service offerings for residents.
The average price per unit in assisted living increased by 14% to set a record of $221,250 per unit in 2017, according to new data. Separately, the National Investment Center for Seniors Housing & Care said its Actual Rates Initiative aims to move the seniors housing industry toward a level of price transparency comparable to that of other real estate property types.
New assisted living database designed to enable operators, lenders to compare communities nationwide
A new assisted living and memory care quality database by Formation Healthcare Group and Vision LTC has completed beta testing and has been launched publicly to a limited number of organizations, the companies have announced. Attendees of this week's NIC Spring Investment Forum will have the opportunity to view it firsthand.
Retirements, promotions and appointments at the Armed Forces Retirement Home, Blueprint Healthcare Real Estate Advisors, Epoch Senior Living, Golden West, HCP, HJ Sims, LCB Senior Living, LifeSpan Network, the National Investment Center for Seniors Housing & Care, SoftWriters, Springpoint Senior Living, Timber Ridge at Talus, the Veterans Home at King and Welltower.
Seniors housing and care transaction volume has declined over the past three years, according to preliminary data shared by the National Investment Center for Seniors Housing & Care.