Assisted living and skilled nursing facilities are reporting an increase in the pace of move-ins over the past 30 days, according to data collected from the most recent Executive Survey conducted by the National Investment Center for Seniors Housing & Care. In fact, results show that move-ins have risen to their highest levels since the survey began in March (43% and 46%, respectively).
The increase in move-ins most frequently was attributed to increased resident demand, with one-quarter of respondents indicating that their organizations had a backlog of residents to move into their communities.
The latest survey — Wave 13 — included responses collected between Sept. 28 and Oct. 11 from owners and executives across 73 senior living communities and skilled nursing facilities.
Survey data also found that the strain on operating costs persists, as 75% of organizations continued to provide staff overtime hours and 50% continued to offer rent concessions to attract new residents — up from 33% in Wave 10. Of the organizations that operate any independent living units (including a combination of other senior housing and care segments), two-thirds currently are offering rent concessions, followed by approximately half of organizations with any memory care and/or assisted living units (58% and 55%, respectively). Forty-one percent of organizations with any skilled care beds reported offering rent concessions.