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Beth Burnham Mace headshot

Seniors housing investment returns drop for first time since 2012: NIC

Seniors housing investment returns fell in the second quarter as the economic effects of the COVID-19 global pandemic continued to take a toll on the industry. That’s according to the National Council of Real Estate Investment Fiduciaries second quarter real estate investment report released this week. The total investment return for the seniors housing sector was a negative 1% for the quarter, the first negative return in eight years.
Empty Bed in Nursing Home

COVID-19 pushed SNF occupancy below 75% in June: NIC

June occupancy rates for skilled nursing properties hit a new record low of 74.8% in June. But the general downturn may be stabilizing, according to a report from the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.
Contemplated senior woman sitting on wheelchair. Elderly disabled female is looking through window.

Memory care initial rates average 8.5% below average asking rate: NIC

Average initial rates for residents moving into independent living, assisted living and memory care segments were below average asking rates amid the COVID-19 pandemic, with monthly spreads generally largest for memory care. That’s according to the second quarter Seniors Housing Actual Rates Report released Tuesday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.
Senior man in wheelchair wearing protective mask to prevent coronavirus transmission on porch

Seniors housing occupancy dropped below 85% on the second quarter: NIC

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.
Empty wheelchair beside big glass window

Assisted living occupancy declines at highest rate since April: NIC

The occupancy rate for senior living properties with a majority of assisted living units fell 1.7% last month, according to new data from the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service. That’s the biggest drop assisted living has seen since April, and it pushes occupancy rates to a new low of 82.9%

McKnight’s 40 for 40: Brian Jurutka

Never perform after children or animals, the old show biz adage warns. The equivalent advice for this market might be to avoid replacing visionary leaders. For in both scenarios, there’s usually a tough act to follow. Brian Jurutka clearly violated the second admonition five years ago, when he succeeded Robert G. Kramer as president and CEO of the National Investment Center for Seniors Housing & Care.
Lori Alford and Lynne Katzmann

Pandemic forces mindset shift in senior living, speakers say

As the nature and duration of the COVID-19 pandemic remains unclear, the senior living industry finds itself shifting from a sprint to a marathon without a known finish line. Lynne Katzmann of Juniper Communities and Lori Alford of Avanti Senior Living shared their experiences during a webinar held by the National Investment Center for Seniors Housing & Care.
Economic impact of coronavirus outbreak deepens. Bar Charts step down on the world map which close up China and text coronavirus on a bar chart.

SNF occupancy rates dropped to nearly 75% in May: NIC

Skilled care occupancy rates continued to fall in May, thanks largely to the COVID-19 pandemic. That’s according to monthly data released Thursday from the National Investment Center for Seniors Housing & Care NIC Skilled Nursing Data Initiative.

The NBA can help seniors housing operators tackle the COVID-19 pandemic

With the National Basketball Association set to resume its season tomorrow, COVID-19 is forcing the league to focus on new ways of doing business. And there’s a lot seniors housing and care can learn from the NBA’s efforts, according to speakers at a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar Tuesday.

Business briefs for Thursday, July 23

NIC issues RFP for national study comparing COVID-19 effects in senior living and care facilities compared to non-congregate settings … SEC issues new final rule requiring proxy advisory firms to disclose material conflicts of interest … Greystone secures $120M in financing to redevelop 23 Texas affordable multifamily and senior living properties … MassHousing provides nearly $10M in affordable housing financing for new senior living community … HJ Sims helps close financing for North Carolina life plan community expansion
older couple taking selfie in new place, with moving boxes

Move-in acceleration within seniors housing at highest level since late March: NIC survey

Pent-up demand from residents and families as well as the easing of COVID-19-related move-in restrictions freeing up a backlog of pre-pandemic planned move-ins has pushed move-in acceleration to its highest level since late March, according to data collected from the most recent Executive Survey results from the National Investment Center for Seniors Housing & Care.

Second-quarter senior housing occupancy rate is lowest on record, NIC says

Senior housing occupancy in the second quarter was at the lowest level on record since the National Investment Center for Seniors Housing & Care began reporting data in 2006, NIC said Thursday. Individually, the sectors of assisted living and independent living set or matched previous record lows for occupancy in the second quarter, NIC Chief Economist Beth Burnham Mace told McKnight’s Senior Living.
Beth Burnham Mace headshot

Occupancy numbers hit historic lows: NIC

As the COVID-19 pandemic took hold in the second quarter, units in the senior living sector emptied out as never before. Occupancy levels declined by 2.8% to 84.9%, according to the National Investment Center for Seniors Housing & Care. Both tallies were the worst ever recorded by NIC, which has been tracking such numbers for the past 14 years.
Brian Jurutka headshot

NIC point-in-time survey shows COVID-19 cases, testing higher in settings where residents have greater care needs

Suspected and confirmed positive cases of COVID-19 are higher in senior living and care settings where resident care needs are greater, according to results of a small survey released Friday by the National Investment Center for Seniors Housing & Care. But, generally speaking, COVID-19 testing also is more prevalent in higher-need settings.