Continuing care retirement/life plan communities have seen a cumulative drop in occupancy from 89.1% to 84.4% in the second quarter of 2020 through the second quarter of 2021, according to specialty investment bank Ziegler.
CCRCs are doing better than other types of senior living, according to occupancy. Those other types of housing averaged nine percentage points lower than CCRCs, at 75.4%, in the second quarter of 2021.
Year-over-year, entrance-fee CCRC occupancy was 7.8 percentage points higher than was rental CCRC occupancy, and not-for-profit CCRC occupancy was 6.5 percentage points higher than for-profit CCRC occupancy, the bank said Tuesday.
