Overall occupancy within majority assisted living and majority independent living averaged 84.9% from April through June, down 2.8% from the prior quarter. That’s according to second-quarter market fundamentals data from the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service. The report includes data from more than 15,000 seniors housing and care properties in 140 metropolitan markets.
Occupancy levels for independent living averaged 87.4%, a drop of approximately 2.4% from the first quarter, investigators found. Assisted living properties fell to 82.1% occupancy, on average, a quarter-over-quarter drop of 3.2%.
Occupancy rates within skilled nursing remained the lowest in the second quarter, falling to 80.2%.
NIC also reported that inventory within seniors housing increased by 2.8%, whereas nursing care inventory fell by 0.2%. Seniors housing transactions relating to assisted and independent living properties totaled $2.4 billion for the period, whereas nursing home transactions totaled $667 million, NIC reported.