NIC - McKnight's Senior Living


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Current lending environment tough across all asset classes: NIC/Ziegler survey

Current lending spread differentials between majority assisted living/memory care communities and majority nursing facilities are remarkably similar, with most lenders quoting spread ranges of 3% to 4% over the base rate. That’s according to the results of a new quarterly lender survey jointly released this week by specialty investment banking firm Ziegler and the National Investment Center for Seniors Housing & Care.

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More than half of senior living executives expect a permanent increase in expenses due to COVID-19: survey

Every aspect of the senior housing sector has been affected by the COVID-19 pandemic, leaving many executives and investors with a less favorable short-term view of the industry than in past years. That’s according to results from the 2020 National Real Estate Investor/National Investment Center for Seniors Housing & Care investor sentiment survey.

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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.

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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.

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