NIC - McKnight's Senior Living

NIC

Lenders still bullish on senior housing; expect 2022 to be more borrower-friendly

The senior housing financing markets have evolved over the course of the pandemic — as lenders and owners both adapted in real-time — to unprecedented asset level revenue declines exacerbated by operating expense increases. But most investors still expect a strong recovery over the coming year, despite the current conservative nature of underwriting and increased debt requirements, speakers said at a National Investment Center for Seniors Housing & Care “Leadership Huddle” webinar Wednesday.

CCRC occupancy drops to record low in fourth quarter but remains much higher than other occupancies

Average occupancy within life plan communities fell another 90 basis points in the fourth quarter, dropping to a new record low of 85.7%, according to the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service. These latest data bring the cumulative drop in occupancy with the life plan community sector to 3.5% since the pandemic began.

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People in the news, Jan. 19

Appointments, promotions and news at the American Association of Service Coordinators, Amsterdam at Harborside, Capital Senior Living, Consolidated Contracting, Edgemere, Enquire, EPOCH Senior Living, G5, Integral Senior Living, Montereau, National Church Residences, OneDay, Sabra Health Care REIT, Sentrics and WesleyLife.

Senior living occupancy continued to slip in December: NIC

The occupancy rate within majority assisted living properties declined again in December, falling to 77.7%, according to the latest intra-quarterly snapshot released Tuesday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service. Assisted living occupancy is down 7.4% since March, according to the report.

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