The COVID-19 pandemic has exposed the country’s long-term care system, particularly in skilled nursing facilities, as “deeply flawed, chronically underfunded and in need of reform,” according to the co-founder and former CEO of the National Investment Center for Seniors Housing & Care, Robert Kramer, now CEO of Nexus Insights.
Occupancy at U.S. senior living communities — independent living and assisted living combined — reached a record low of 78.8% in the first quarter, according to new NIC MAP data released today. The news marks the sixth consecutive quarter that occupancy has declined. Four of those quarters have been during the COVID-19 pandemic.
As senior living and skilled nursing residents complete their COVID-19 vaccinations and case counts continue to decrease within the setting, some banks may be getting ready to re-enter the long-term care sector — though under new terms and requirements. That’s one of several findings in the latest lender survey released Tuesday by specialty investment bank Ziegler, in partnership with the National Investment Center for Seniors Housing & Care.
Occupancy continued to be challenged as the skilled nursing industry navigated the first months of 2021, according to the latest monthly skilled nursing data report from the National Investment Center for Seniors Housing & Care. Occupancy fell to a new low of 71.2%, dropping 0.4% below December’s numbers and 13.8% below pre-pandemic levels.
The largest senior housing operators — those with 25 or more properties — experienced the greatest drops in occupancy during the pandemic, according to a National Investment Center for Seniors Housing & Care analysis released Thursday.
Commercial real estate investors are confident they’ll be able to get the cash needed to close deals in 2021, according to a recent poll by an investment management software company. Among 142 senior leaders of U.S. commercial real estate investment management firms surveyed, 94% told Juniper Square they plan to fundraise this year and expect…
The share of seniors housing and care organizations reporting decelerations in move-ins and occupancy rates is at an all time low for all care segments during the pandemic, according to the NIC’s latest executive survey.
The COVID-19 pandemic has thrust healthcare for older adults into the spotlight, making access to services an important part of an operator’s value proposition for both residents and investors, speakers said Wednesday during a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar.
The senior housing sector posted a 0.71% total investment return in the fourth quarter, marking the second consecutive quarter of positive returns since the COVID-19 pandemic pushed returns into negative territory. That’s according to the latest quarterly highlight report from the National Council of Real Estate Investment Fiduciaries. In the second quarter of 2020, total returns were –1%, which marked the first negative total return since 2012 and, prior to that, 2009.
The occupancy rate within majority independent living organizations fell just 0.2% last month. It was a new low of 82.5%, but the drop was the smallest month-over-month decline since March 2020, when the pandemic began and independent living occupancy sat at 89.7%.
