One of the biggest outcomes of the pandemic on the life plan / continuing care retirement community sector has been giant leaps made in recognizing the importance of connectivity within the lives of older adults and taking steps to ensure that it continues in spite of not being able to see each other in person, said speakers Wednesday at the LeadingAge Annual Meeting Virtual Experience.
About one-fourth (24%) of senior housing and skilled nursing operators now expect their development pipelines to decrease. That’s according to data collected from the most recent Executive Survey conducted by the National Investment Center for Seniors Housing & Care.
Two quarters into the COVID-19 pandemic, occupancy within continuing care retirement communities has remained nearly 9 percentage points higher than occupancy within non-CCRCs. That’s according to data released Wednesday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.
The trend of declining occupancy rates for skilled nursing continued in August as a result of the ongoing effects of COVID-19. Operators saw occupancy rates fall another 81 basis points from July to August, dropping to a new low of 73.8%, according to the latest Skilled Nursing Monthly Report from the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.
Higher staff wages for some senior housing operators likely are putting a strain on net operating income, according to data collected from the most recent Executive Survey conducted by the National Investment Center for Seniors Housing & Care.
The immediate necessity of telehealth due to the pandemic will diminish soon, we hope, but continued investment and use will be critical to enabling older adults to have healthcare come to them rather than them being shipped out for their healthcare, often against their, and their families’, wishes.
The 2020 Dealmaker’s Handbook.
Assisted living and skilled nursing facilities are reporting an increase in the pace of move-ins over the past 30 days, according to data collected from the most recent Executive Survey conducted by the National Investment Center for Seniors Housing & Care. In fact, results show that move-ins have risen to their highest levels since the survey began in March (43% and 46%, respectively).
Independent living and assisted living communities saw their largest occupancy drops on record in the third quarter of 2020, according to data released Thursday by the National Investment Center for Seniors Housing & Care. NIC Chief Economist Beth Burnham Mace described the declines as “steep” and “significant” and said they reflected “the apparent impact of the coronavirus.” She noted, however, that the pandemic may contain a “silver lining” for the industry.
During the late stages of her husband’s struggle with Alzheimer’s disease, Kim Campbell said she “truly feared I was going to become the second victim of the disease.”
The senior housing sector — including independent living and assisted living — is experiencing its largest drop in occupancy on record, according to data released today by the National Investment Center for Seniors Housing & Care.
Crisis causes focus. And during the COVID-19 crisis, top senior living industry leaders have combined efforts to amplify their voices and work toward a common goal of supporting older Americans.
Economic pressures placed on middle-income older adults during the COVID-19 pandemic has created a growing population of seniors with housing needs but limited resources. Senior housing providers recognize the challenges of this growing demographic and see an opportunity to provide creative ways to meet their needs in cost-effective ways.
COVID-19 is exhausting. That was the consensus of speakers focusing on issues related to the senior living workforce during the 2020 National Investment Center for Seniors Housing & Care Fall Conference, which is being held virtually this week and next.
COVID-19 is “a nightmare beyond any worst-case scenario” for the senior living and care industry, but the overriding message is “we’re going to get through this,” Mark Parkinson, president and CEO of the American Health Care Association and National Center for Assisted Living said Tuesday.
One of the biggest ways COVID-19 will drive change in the seniors housing industry is healthcare delivery, according to Nexus Insights founder and President Bob Kramer.
The total value of the investment-grade seniors housing and care property market is estimated at $474.5 billion, assuming an average $210,000 price per unit for seniors housing properties and an average $81,000 price per bed for nursing care properties. That’s according to the latest edition of the National Investment Center for Seniors Housing & Care NIC Investment Guide, released this week. The guide provides an overview of the seniors housing and care sector based on year-end 2019 time-series data, before the COVID-19 pandemic hit.
The future of seniors housing will depend on several factors, but to National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham Mace, “It’s all about a vaccine.”
Arnold Whitman is a towering figure, both figuratively and literally, in the world of skilled nursing and senior living investing. The founder, president and CEO of Formation Capital has become as well-known for his billion-dollar deals as he has for promoting the long-term care sector itself.
More than half of the operators with memory care units saw September move-ins increase — the biggest jump within this sector since the pandemic began. That’s according to data collected from the most recent Executive Survey results from the National Investment Center for Seniors Housing & Care.