COVID-19 penetration lowest in independent living: NIC survey
COVID-19 penetration rates remain lowest in independent care settings, finds the latest survey released Thursday by the National Investment Center for Seniors Housing & Care.
NIC
California restores assisted living death data to COVID-19 website after public outcry
California has restored the names of assisted living communities where COVID-19-related deaths have occurred to a state website shortly after resident advocates questioned the move and blamed the long-term care industry. An industry group, however, said it did not ask the state to stop publishing the data.
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
Meet Beth Burnham Mace, Hall of Honor inductee
Beth Burnham Mace, chief economist and director of outreach at the National Investment Center for Seniors Housing & Care, is a member of the 2020 McKnight’s Women of Distinction Hall of Honor.
June occupancy rates vary by city amidst pandemic: NIC
San Jose, CA, held the top spot for highest occupancy levels within its independent living and assisted living properties in June, according to new data from the National Investment Center for Seniors Housing & Care’s MAP Data Service.
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.
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.
Occupancy declines continue, despite new admissions: report
Occupancy downturns are continuing, even as many senior living operators begin accepting new residents. It’s a sign that the industry still has a long, slow recovery ahead, according to a report Tuesday in the Wall Street Journal.
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.
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