The senior housing sector — including independent living and assisted living — is experiencing its largest drop in occupancy on record, according to data released today by the National Investment Center for Seniors Housing & Care.
Crisis causes focus. And during the COVID-19 crisis, top senior living industry leaders have combined efforts to amplify their voices and work toward a common goal of supporting older Americans.
Economic pressures placed on middle-income older adults during the COVID-19 pandemic has created a growing population of seniors with housing needs but limited resources. Senior housing providers recognize the challenges of this growing demographic and see an opportunity to provide creative ways to meet their needs in cost-effective ways.
COVID-19 is exhausting. That was the consensus of speakers focusing on issues related to the senior living workforce during the 2020 National Investment Center for Seniors Housing & Care Fall Conference, which is being held virtually this week and next.
COVID-19 is “a nightmare beyond any worst-case scenario” for the senior living and care industry, but the overriding message is “we’re going to get through this,” Mark Parkinson, president and CEO of the American Health Care Association and National Center for Assisted Living said Tuesday.
One of the biggest ways COVID-19 will drive change in the seniors housing industry is healthcare delivery, according to Nexus Insights founder and President Bob Kramer.
The total value of the investment-grade seniors housing and care property market is estimated at $474.5 billion, assuming an average $210,000 price per unit for seniors housing properties and an average $81,000 price per bed for nursing care properties. That’s according to the latest edition of the National Investment Center for Seniors Housing & Care NIC Investment Guide, released this week. The guide provides an overview of the seniors housing and care sector based on year-end 2019 time-series data, before the COVID-19 pandemic hit.
The future of seniors housing will depend on several factors, but to National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham Mace, “It’s all about a vaccine.”
Arnold Whitman is a towering figure, both figuratively and literally, in the world of skilled nursing and senior living investing. The founder, president and CEO of Formation Capital has become as well-known for his billion-dollar deals as he has for promoting the long-term care sector itself.
More than half of the operators with memory care units saw September move-ins increase — the biggest jump within this sector since the pandemic began. That’s according to data collected from the most recent Executive Survey results from the National Investment Center for Seniors Housing & Care.
