NIC - McKnight's Senior Living

NIC

Beth Burnham Mace headshot

Seniors housing investment returns drop for first time since 2012: NIC

Seniors housing investment returns fell in the second quarter as the economic effects of the COVID-19 global pandemic continued to take a toll on the industry. That’s according to the National Council of Real Estate Investment Fiduciaries second quarter real estate investment report released this week. The total investment return for the seniors housing sector was a negative 1% for the quarter, the first negative return in eight years.

Contemplated senior woman sitting on wheelchair. Elderly disabled female is looking through window.

Memory care initial rates average 8.5% below average asking rate: NIC

Average initial rates for residents moving into independent living, assisted living and memory care segments were below average asking rates amid the COVID-19 pandemic, with monthly spreads generally largest for memory care. That’s according to the second quarter Seniors Housing Actual Rates Report released Tuesday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service.

McKnight’s 40 for 40: Brian Jurutka

Never perform after children or animals, the old show biz adage warns. The equivalent advice for this market might be to avoid replacing visionary leaders. For in both scenarios, there’s usually a tough act to follow. Brian Jurutka clearly violated the second admonition five years ago, when he succeeded Robert G. Kramer as president and CEO of the National Investment Center for Seniors Housing & Care.

Lori Alford and Lynne Katzmann

Pandemic forces mindset shift in senior living, speakers say

As the nature and duration of the COVID-19 pandemic remains unclear, the senior living industry finds itself shifting from a sprint to a marathon without a known finish line. Lynne Katzmann of Juniper Communities and Lori Alford of Avanti Senior Living shared their experiences during a webinar held by the National Investment Center for Seniors Housing & Care.

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