Although the pandemic has slowed the pace of move-ins for all seniors housing and care communities, continuing care retirement communities seem to be outliers. These settings generally have been experiencing less disruption to move-in rates and have seen greater stability in occupancy rates, according to a report released Thursday by the National Investment Center for Seniors Housing & Care, using a subset of the firm’s Executive Survey findings.
Roughly a third to half of CCRCs reporting on their independent living, assisted living and memory care units between April 27 and May 24 saw a deceleration in move-ins from the prior month. In contrast, approximately two-thirds to three-quarters of non-CCRC organizations saw a deceleration in move-ins from the prior month during this same time period.
Survey data also showed greater stability in the pace of move-outs reported by CCRCs (also known as life plan communities) compared with non-CCRCs.
“A potential reason for this survey finding could be that CCRCs offer multiple care segments — at a minimum, independent living and nursing care — typically by a single provider on one campus, and this full range of services allows residents to remain within the community as their care needs change,” noted Lana Peck, senior principal with NIC.