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NIC

Flipping mindset to focus on the future will help CCRCs thrive post-pandemic: speakers

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.
Senior couple relaxing on porch, holding hand, laughing

CCRCs see lower occupancy dips than non-CCRCs: NIC

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.

Skilled nursing occupancy hits new low of 73.8%: NIC

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.
Senior Living Facility

Nursing home and assisted living move-ins increasing: NIC survey

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).

Despite record-setting occupancy drop, pandemic could offer ‘silver lining’ for senior living, NIC says

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.

Total value of investment-grade seniors housing and care property market close to $475B in 2019: NIC

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.

McKnight’s 40 for 40: Arnold Whitman

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.