Features

ANNAPOLIS, Md. — Seniors housing occupancy increased to 80.6 percent in the first quarter of 2022, a 20 basis point increase from the fourth quarter of 2021 and a 250 basis point increase from a pandemic-related low of 78 percent in the second quarter of 2021. This is the third consecutive quarter of increasing occupancy. That’s according to new data from the National Investment Center for Seniors Housing & Care (NIC), an Annapolis-based nonprofit firm that tracks industry data gathered from 31 primary metropolitan markets through its NIC MAP Vision …

DALLAS — The seniors housing sector continues its recovery from the impacts of COVID-19, with investors expecting rental rates and residency levels to rise further in 2022, according to a survey from Dallas-based commercial real estate services firm CBRE. Most investors (82 percent) expect seniors housing communities to reach pre-pandemic resident levels within 18 months, with the quickest absorption pace in the lower-acuity communities such as active adult and independent living. For higher acuity communities, such as assisted living and memory care, the reabsorption period extends to 24 months for …

LOS ANGELES — After bottoming out at 78.7 percent in the second quarter of 2021, private-pay seniors housing occupancy has been on a slow, steady climb, according to data from the National Investment Center for Seniors Housing and Care (NIC). The most recent data — for the fourth quarter of 2021 — showed occupancy at 81 percent. However, the pace of recovery varies widely among individual markets, individual companies and even individual properties. “Some people are able to manage the turmoil. Some are even thriving, or at least doing pretty …

The seniors housing industry is slowly and steadily regaining occupancy after hitting record lows during the height of the COVID-19 pandemic. New development, meanwhile, was itself stymied by supply-chain issues, labor shortages and worksite shutdowns as a result of the pandemic. However, the latter issues have had a silver lining: Occupancy will have a chance to recover as fewer units will come online over the next few years. “The slow growth of inventory has been helpful on the occupancy front,” said James Balda, CEO and president of industry association Argentum. …