NIC

Topics – NIC

NIC

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.

Aegis Living CEO: ‘Not sure everyone is going to make it’

Experienced senior living operators are adapting to the effects of the COVID-19 pandemic and expect to come out strong on the other side of the current recession. Not all operators will survive, however, according to speakers at a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar Thursday.

Occupancy rebound gains momentum: NIC

The share of organizations reporting an increase in occupancy from the prior month increased to its highest level since early April last week, according to data from the most recent Executive Survey results from the National Investment Center for Seniors Housing & Care.

NIC panelists remain bullish, despite COVID-19

Although COVID-19 continues to hit the seniors housing industry hard in terms of increased operational expenses, most investors and capital providers still believe the sector is likely to withstand the current recession pretty well, according to speakers at a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar Thursday.

Pandemic causing less disruption in occupancy rates among CCRCs compared with non-CCRCs: report

Although the pandemic has slowed the pace of move-ins for all seniors housing and care communities, continuing care retirement communities seem to be outliers. These settings generally have been experiencing less disruption to move-in rates and have seen greater stability in occupancy rates, according to a report released Thursday by the National Investment Center for Seniors Housing & Care, using a subset of the firm’s Executive Survey findings.