Features

ANNAPOLIS, Md. — The national occupancy rate for private-pay seniors housing increased 100 basis points from 81.2 percent in the second quarter of 2022 to 82.2 percent in the third quarter, according to NIC MAP Vision. Occupancy is up 430 basis points from a pandemic low of 77.9 percent in the second quarter of 2021. NIC MAP Vision is a product of the National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit firm that tracks industry data gathered from 31 primary metropolitan markets. Private-pay seniors housing comprises …

For many seniors housing operators, occupancy is back to where it was before the COVID-19 pandemic struck. In addition, aggressive rent increases have resulted in elevated revenues. However, as a result of high inflation, an extremely tight labor market and supply constraints increasing costs, profit margins have not yet returned to pre-pandemic levels. “As an appraiser I’ve been getting all kinds of questions about what’s happening with margins and when they’ll return,” said JP LoMonaco of Valuation & Information Group. “Over the past two-and-a-half years, trying to calculate a cap …

WASHINGTON, D.C. — U.S. seniors housing residents average more than a dozen chronic conditions, creating significant challenges for residents and driving healthcare costs, according to an analysis by NORC at the University of Chicago (NORC), funded by the National Investment Center for Seniors Housing & Care (NIC). The analysis indicates a significant opportunity for operators to integrate healthcare with housing to add more value for residents. This high prevalence of chronic conditions costs seniors housing residents $3,000 to $4,000 in out-of-pocket costs per year. It also drives annual healthcare spending …

ATLANTA — After a quarter characterized by rising costs of living and mounting inflation, “recession” is the word on everybody’s lips. But Roger Tutterow, professor of economics at Kennesaw State University in Georgia, states that “it is not a foregone conclusion that we’re in a recession today or that we’ll get there in the next several months.” The official definition of a recession is not two consecutive quarters of negative growth in gross domestic product (GDP). “Most of the time it works out that way,” Tutterow said, “but the technical …