NIC - McKnight's Senior Living

NIC

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.

COVID-19 pushed SNF occupancy to lowest levels since 2012 in March: NIC

Skilled nursing occupancy numbers suffered their biggest hit since 2012 in March, as the initial effects of the COVID-19 pandemic began to set in. According to monthly data released Monday from the National Investment Center for Seniors Housing & Care, SNFs suffered a 132-basis point decline from the prior month and a 53-basis point decline from year-end 2019, declining to an occupancy rate of 83.4% in March.

Mercedes Kerr

Belmont Senior Living president: Operating costs triple when facility has a positive case of COVID-19

A positive case of COVID-19 can more than triple a senior living operator’s equipment costs to prevent the virus’ spread, according to Belmont Village Senior Living President Mercedes Kerr. Kerr joined National Investment Center for Seniors Housing & Care Chief Economist Beth Mace Thursday for a NIC-sponsored webinar discussion on the ways COVID-19 is affecting senior living operators.

Seniors housing new normal likely to include updates to dining, beautician services, security measures and more: NIC

Virginia-based LifeSpire Living has a tentative date set of June 10 for the reopening of its four continuing care retirement communities to visitors and new residents. But as Jonathan Cook, the operator’s president / CEO shared in a recent National Investment Center for Seniors Housing & Care-sponsored blog, his communities have incorporated notable changes to keep residents safe, healthy and happy, even though they will likely take a toll on the operator’s bottom line.

Occupancy trends mixed across long-term care settings: NIC survey

One in five operators saw an uptick in skilled care occupancy levels last week, according to responses provided by owners and executives at 100 seniors housing and skilled nursing operators nationwide. That said, 36% of the participants continued to report declines in occupancy for skilled nursing in the past seven days. Respondents with independent living and memory care units also reported slightly higher shares of improving occupancy rates from a week prior.

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