Occupancy Dropped Significantly in April, First Full Month of Pandemic

ANNAPOLIS, Md. — Seniors housing occupancy experienced a 110-basis-point decrease to 88.7 percent in the month of, while nursing care facility occupancy was down 220 basis points to 84.7 percent, according to the National Investment Center for Seniors Housing & Care (NIC).

The data is featured in NIC’s Intra-Quarterly Snapshot, a new monthly publication developed to keep owners and operators better informed during the COVID-19 pandemic. The data, which comes from 15,000 stabilized seniors housing communities in 140 U.S. markets, was previously released on a quarterly basis.

“Challenges in senior housing and care properties require timely, credible data,” says Brian Jurutka, NIC’s president and CEO. “Actionable data is the foundation to inform stakeholders in developing solutions that protect residents and caregivers.”

“Some of the sharp decline in skilled nursing occupancy is likely driven by fewer hospitals discharging patients to post-acute care settings for rehabilitative therapy as hospitals defer elective surgeries due to the pandemic,” adds Beth Mace, NIC’s chief economist.

Click here to view the full report.

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