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CBRE Survey: Investors Expect Full Pandemic Recovery in 2022

by Jeff Shaw

DALLAS — Seniors housing has shown strong resilience to the adverse impacts of the COVID-19 pandemic, with the vast majority of operators reporting pent-up investment demand and positive leasing trends in the first half of 2021, according to the CBRE U.S. Seniors Housing & Care Investor Survey. The Dallas-based firm sends out the survey twice a year to investors, developers, lenders and brokers throughout the United States. Responses closed in February, and the number of respondents was not disclosed. Investors responding to the survey indicate significant investment growth is likely …

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New Supply Puts Brakes on Occupancy Recovery in Private-Pay Seniors Housing

by Jeff Shaw

ANNAPOLIS, Md. — Private-pay seniors housing occupancy remained flat in the second quarter of 2021, holding at 78.7 percent, according to new NIC MAP data, powered by NIC MAP Vision. Though COVID-19 cases in senior living properties dropped significantly in the last quarter, occupancy has not turned the corner, largely due to new inventory coming online. 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. Private-pay seniors housing comprises independent living, assisted living and memory care. …

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Survey: Only 25 Percent of Nursing Homes Confident They Will Survive to Next Year

by Jeff Shaw

WASHINGTON, D.C. — The American Health Care Association and National Center for Assisted Living (AHCA/NCAL), a D.C.-based organization representing more than 14,000 nursing homes, assisted living communities and other long-term care facilities across the country, has released a survey that shows only a quarter of communities are confident they can last another year. More than half of nursing homes and nearly half of assisted living communities say their organization is operating at a loss, the survey found. More than half of nursing homes and more than one-third of assisted living …

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Greystone Partners with LeadingAge on New Story Collector Portal

by Jeff Shaw

IRVING, Texas — Greystone, a senior living consulting firm based in Irving, has partnered with LeadingAge, the association of nonprofit providers of aging services, to provide a portal for member stories to be gathered, organized and published across multiple media platforms, both in the industry and beyond. The tool, located on the LeadingAge website and powered by Greystone, provides LeadingAge members the opportunity to share their responses — written or oral — to a prescribed prompt, which will be updated monthly. The purpose is to highlight a diverse range of …

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Brookdale Occupancy Rises, Showing Signs of Pandemic Recovery

by Jeff Shaw

NASHVILLE, Tenn. — Brookdale Senior Living Inc. (NYSE: BKD) has reported that occupancy across its portfolio has increased for three straight months, signaling a start to the recovery from the COVID-19 pandemic. Occupancy at the end of each month rose from 70.1 percent in February to 70.6 percent in March, 71.1 percent in April and 71.6 percent in May. The Nashville-based company managed 695 communities in 42 states as of March 31.

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Webinar Panel: Transactions, Lending, Operations Inch Toward Pre-Pandemic Normalcy

by Jeff Shaw

The seniors housing industry has been through the wringer as a result of the pandemic, setting and then resetting its own record-low occupancy rates as expenses increased for infection control, staffing and construction materials. However, many in the industry are now starting to see the light at the end of the tunnel. The skilled nursing sector has undergone two straight months of rising occupancy rates, and industry experts are seeing the effects of the COVID-19 vaccine taking hold on the industry. “It’s not back to where it was, and it …

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Post-Pandemic Considerations for Acquisitions and Renovations

by Sarah Daniels

By Sarah Daniels Planning ahead is never easy, but in the world of senior living construction, acquisitions and renovations, it makes everything that follows easier — and often more cost effective in the long term. The need to future-proof seniors housing has taken on new significance in the face of COVID-19 and will continue to be a priority to help prospective and current residents feel safe physically, mentally and emotionally. With seniors housing occupancy rates down, creating a strong, upfront plan for long-term goals incorporating trends in design, wellness and technology …

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NORC Study: 51 Percent of Communities in Five States Reported No COVID Deaths

by Jeff Shaw

CHICAGO — Fifty-one percent of senior housing properties experienced no COVID-19 deaths in 2020, according to an analysis by NORC at the University of Chicago via a grant provided by the National Investment Center for Seniors Housing & Care (NIC). Researchers analyzed data for four facility types in more than 100 counties across five states. About two-thirds (67 percent) of independent living properties, 64 percent of assisted living properties, and 61 percent of memory care properties studied experienced no COVID-19-related deaths in 2020. Thirty-nine percent (39 percent) of skilled nursing …

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JLL: Investors Are Looking Beyond the Pandemic

by Jeff Shaw

CHICAGO — Although the seniors housing industry still faces many challenges, long-term demand still has the sector on a trajectory of growth. That’s according to JLL Valuation Advisory’s fourth annual Seniors Housing Investor Survey and Outlook, released last week. Construction delays resulting from the pandemic will magnify the long-term supply shortage, the report notes. With the baby boomers within approximately 10 years of occupancy, medium- and long-term investment remains positive. Additionally, the need to serve the middle-income population will continue to grow, exacerbated by the global impact of COVID-19. “Investors …

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ASHA Announces Senior Living Hall of Fame Class of 2021

by Jeff Shaw

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA), a D.C.-based advocacy organization for the seniors housing industry, has announced the 2021 inductees to the Senior Living Hall of Fame: Carl Campbell of CAMLU, Robert and William Thomas of Senior Star and Patricia Will of Belmont Village Senior Living. “These innovative leaders have helped to build an industry dedicated to the care of our elders,” says David Schless, president of ASHA. “We are very grateful to them and their commitment to senior living.” The 2021 Senior Living Hall of Fame …

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