Average occupancy reached its highest point in 2021 last month for Dallas-based Sonida Senior Living, the company reported Tuesday.
In what Sonida said is typically a slow seasonal period, December average occupancy reached 81.6%, representing a 40 basis point (0.4%) increase from November.
The company, rebranded from Capital Senior Living in November, saw fourth-quarter occupancy increase 31.25 basis points (0.3125% ) to 81.3% compared with the previous quarter. Year-over-year quarterly average occupancy grew 392 basis points (3.92%) compared with the fourth quarter of 2020.
The company’s year-over-year average monthly occupancy increased 500 basis points (5%) to 76.6% compared with December 2020.
“We are pleased with the company’s continued occupancy growth and solid finish to 2021,” Sonida President and CEO Kimberly S. Lody said. “We remain diligent in our activities to keep residents and employees safe from COVID-19 while staying laser focused on continuous and sustainable improvement in the fundamentals of the business.”
Nationally, senior living (independent living and assisted living combined) occupancy increased for the second consecutive quarter, rising to 81% in the fourth quarter of 2021, according to NIC MAP data released earlier this month.