ALEXANDRIA, Va. — Argentum, the Virginia-based seniors housing national association formerly known as ALFA, has released its annual list of the largest operators in seniors housing.
Brookdale led the list, reporting nearly 100,000 senior living units, more than double the units of its nearest competitor, Holiday Retirement, which largely serves independent living residents.
The next five senior living providers are fairly similar in size, from nearly 20,000 to 27,000 units. Overall, the 2017 list of the 115 largest senior living providers represents nearly 550,000 senior living units, including assisted living, independent living, and memory care.
The occupancy rate for senior housing for the nation’s largest 31 metropolitan areas was 88.8 percent in the second quarter of 2017, down 50 basis points from the first quarter, according to the National Investment Center for Seniors Housing & Care (NIC) MAP Data Service.
“This placed occupancy 190 basis points above its cyclical low of 86.9 percent during the first quarter of 2010 and 140 basis points below its most recent high of 90.2 percent in the fourth quarter of 2014,” says Beth Burnham Mace, chief economist at NIC.
The quarterly decrease in occupancy correlates with providers’ aggressive pursuit of new building projects, so “inventory outpaced a change in net absorption,” adds Mace.
For more analysis and the full list, click here.