Move-ins outpaced move-outs in all three senior living segments — independent living, assisted living, and memory care — for four consecutive months from March through June of this year, showing continued improvement. That’s according to the latest monthly data from NIC MAP Vision.
According to new NIC MAP data, released by NIC MAP Vision, June move-ins for the independent living and assisted living care segments reached their respective recorded highs since the start of the pandemic. Independent living reached 2.8% of inventory and assisted living reached 3.8% of inventory. Move-ins for the memory care segments also were high in the second quarter of the year, at 4.4% of inventory in June, down from the recorded high of 4.7% of inventory in March of this year.
NIC MAP Vision also released its latest monthly data Thursday on occupancy within the skilled nursing sector. The upward trend in skilled nursing occupancy continued in June. Occupancy increased for the fifth consecutive month, rising 86 basis points from May to end of June at 74.2%. Occupancy is now up 297 basis points from the 71.2% low point reached in January of this year.
“There continues to be optimism, especially from investors, given the success of the vaccines, but the second half of 2021 will be crucial in terms of the occupancy trend,” report authors said. “The expectation is that admissions will continue to increase with rising demand and elective surgeries will continue to provide support for additional admissions to skilled nursing properties. In addition, the delta variant does pose a threat, especially in some states with lower vaccinated populations.”