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Skilled nursing occupancy hit new record low of 71.7% in December: NIC

Just as recent efforts to vaccinate long-term care patients and frontline healthcare workers began at the end of December, occupancy at the nation’s skilled nursing facilities reached its lowest level since the National Investment Center for Seniors Housing & Care first began collecting these data in 2012. Census rates for December fell to 71.7%, a decline of 13.3 percentage points since February of last year, according to findings from the NIC MAP Data Service.

SNF investors focus on needs-based model, expect census return by mid-2022

Amid the all-too-frequent headlines of “nursing home deaths,” federal and state deficits, increased competition from home health agencies and historic low occupancy levels while wage pressures continue, some may be wondering how the nursing home industry will emerge from the pandemic. Yet, despite the challenges of the last year, many investors continue to see opportunity in the skilled nursing sector, according to speakers Wednesday at a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar.
woman pushing rollator walking down corridor

Assisted living occupancy fell below 80 percent in January: NIC

As the effects of the pandemic continue to take a toll on long-term care, occupancy rates within majority assisted living properties fell below 80% in January, according to the latest intra-quarterly snapshot released Thursday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.

Lenders still bullish on senior housing; expect 2022 to be more borrower-friendly

The senior housing financing markets have evolved over the course of the pandemic — as lenders and owners both adapted in real-time — to unprecedented asset level revenue declines exacerbated by operating expense increases. But most investors still expect a strong recovery over the coming year, despite the current conservative nature of underwriting and increased debt requirements, speakers said at a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar Wednesday.

CCRC occupancy drops to record low in fourth quarter but remains much higher than other occupancies

Average occupancy within life plan communities fell another 90 basis points in the fourth quarter, dropping to a new record low of 85.7%, according to the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service. These latest data bring the cumulative drop in occupancy with the life plan community sector to 3.5% since the pandemic began.
Saunya Moore headshot

People in the news, Jan. 19

Appointments, promotions and news at the American Association of Service Coordinators, Amsterdam at Harborside, Capital Senior Living, Consolidated Contracting, Edgemere, Enquire, EPOCH Senior Living, G5, Integral Senior Living, Montereau, National Church Residences, OneDay, Sabra Health Care REIT, Sentrics and WesleyLife.

Senior living occupancy continued to slip in December: NIC

The occupancy rate within majority assisted living properties declined again in December, falling to 77.7%, according to the latest intra-quarterly snapshot released Tuesday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service. Assisted living occupancy is down 7.4% since March, according to the report.

4 lessons for senior living from 2020

Five senior living industry leaders recently took the time to share with me — for you — their insights into the biggest challenges that faced owners and operators in 2020 and the challenges they will face in 2021. I’ve gleaned four lessons for the senior living industry for this year.

Senior living occupancy falls to all-time low, 80.7 percent: NIC

Occupancy at U.S. senior living communities — including independent living and assisted living communities — reached an all-time low of 80.7% in the fourth quarter of 2020, according to data released Thursday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.

Big senior living stories of 2020

A year ago, nobody in the U.S. senior living industry would have predicted that a pandemic would upend everyone’s personal and professional lives in 2020. But COVID-19 undoubtedly was the story of the year, permeating almost all other news in some way from March onward. But other big stories drew attention as well.