Occupancy held steady at 81.2% in November for Sonida Senior Living, according to a report the company released Tuesday.
Average occupancy for the third quarter was 81%, an increase of 290 basis points (2.9%) from the previous quarter, the company had announced Nov. 11 on a third-quarter earnings call. The Dallas-based owner-operator of independent living, assisted living and memory care communities formerly was known as Capital Senior Living before rebranding a month ago.
Occupancy has increased 590 basis points (5.9%) this year since a pandemic low average monthly occupancy of 75.3% in February. November occupancy rose 370 basis points (3.7%) compared with November 2020.
According to Sonida, leading indicators, such as leads and tours, are strong. Monthly lead volume has improved steadily from November 2020 and almost is at pre-pandemic levels, the company reported. The number of tours was more than four times higher in November than in the same month in 2020 and almost 40% higher than in November 2019, Sonida said.