CCRC occupancy drops to record low in fourth quarter but remains much higher than other occupancies
By
Amy Novotney
Feb 04, 2021
Average occupancy within life plan communities fell another 90 basis points in the fourth quarter, dropping to a new record low of 85.7%, according to the National Investment Center for Seniors Housing...
Increase in vaccinations likely behind acceleration in senior living move-ins: NIC
By
Amy Novotney
Jan 29, 2021
The pace of move-ins over the past 30 days has ticked up within independent living, assisted living and memory care units, according to data collected from the most recent Executive Survey conducted by...
Even amid COVID surge, many seniors housing operators not increasing move-in restrictions: NIC
By
Amy Novotney
Jan 15, 2021
Despite reports of record-high COVID-19 cases across the country occurring daily, roughly two-thirds of long-term care organizations report that they have not increased move-in restrictions. That’s according...
SNF occupancy edges slightly up in October but is still down nearly 10 percent from last year: NIC
By
Amy Novotney
Jan 08, 2021
Occupancy rates at nursing homes across the country continued to be depressed in October, according to data from the latest Skilled Nursing Monthly Report, published by the National Investment Center for...
Nearly two-thirds of operators now offering rent concessions, depressing net income, NIC survey finds
By
Amy Novotney
Dec 18, 2020
Net operating income continues to face pressure from the COVID-19 pandemic, with more organizations than ever offering rent concessions, paying staff members overtime hours and using agency or temp staff...
All sectors but IL see highest month-over-month occupancy declines since June amid COVID surge: NIC survey
By
Amy Novotney
Dec 07, 2020
Between 42% and 54% of organizations with assisted living units, memory care units or nursing care beds reported occupancy declines over the past 30 days, according to data collected from the most recent...
Town’s only nursing facility converting to ALF, as national study finds ‘dangerously low’ occupancy...
By
Amy Novotney
Dec 03, 2020
Amid deteriorating finances that don’t allow for much-needed building infrastructure updates, the only skilled nursing facility in the town of Norton, MA, will be closing by early next year and will...
Flipping mindset to focus on the future will help CCRCs thrive post-pandemic: speakers
By
Amy Novotney
Nov 19, 2020
One of the biggest outcomes of the pandemic on the life plan / continuing care retirement community sector has been giant leaps made in recognizing the importance of connectivity within the lives of older...
Skilled nursing occupancy hits new low of 73.8%: NIC
By
Amy Novotney
Nov 05, 2020
The trend of declining occupancy rates for skilled nursing continued in August as a result of the ongoing effects of COVID-19. Operators saw occupancy rates fall another 81 basis points from July to August,...
Senior housing facing increasing wage pressures and resorting to more rent concessions: NIC
By
Amy Novotney
Oct 30, 2020
Higher staff wages for some senior housing operators likely are putting a strain on net operating income, according to data collected from the most recent Executive Survey conducted by the National Investment...