Pandemic drives senior living occupancy to record lows
By
Lois A. Bowers
Jan 08, 2021
The coronavirus pandemic continues to negatively affect occupancy in senior living, with percentages released Thursday by the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service...
Senior living industry turnaround could begin in second quarter, CEO says
By
Lois A. Bowers
Feb 03, 2021
Signs of recovery from the coronavirus pandemic could begin to show in the senior living industry in the second quarter, Adam Portnoy, president and CEO of The RMR Group Inc., said Tuesday.
‘What we’ve got here is failure to communicate’
By
John O'Connor
Apr 07, 2016
Wondering why it’s so difficult getting prospects to move in? Here’s my advice: Watch “Cool Hand Luke.”
Senior living occupancy falls to all-time low, 80.7 percent: NIC
By
Lois A. Bowers
Jan 07, 2021
Occupancy at U.S. senior living communities — including independent living and assisted living communities — reached an all-time low of 80.7% in the fourth quarter of 2020, according to data released...
Challenge for senior living: Move from ‘siloed to seamless,’ NIC founder says
By
Kathleen Steele Gaivin
Dec 13, 2022
A final driver shaping the future of senior living is “moving from siloed to seamless,” National Investment Center for Seniors Housing & Care founder and strategic adviser Robert Kramer wrote in the...
Senior living poised to become ‘darling child’ of real estate, expert says
By
Kathleen Steele Gaivin
Oct 06, 2023
The senior living sector is poised for recovery over the next 12 to 18 months, according to Aron Will, CBRE’s vice chair and co-head of National Senior Housing Practice Capital Markets. In fact, he said,...
Senior living can cost less than aging in place at home: analysis
By
Lois A. Bowers
Apr 19, 2017
A new analysis showing that older adults can save money by residing in senior living communities rather than continuing to live in their homes may not surprise those in the industry, but most older adults...
NIC: Assisted living occupancy rate strongest in 2 years at 85.7 percent in fourth quarter
By
Lois A. Bowers
Jan 10, 2020
Assisted living occupancy increased to 85.7% in the fourth quarter of 2019, up from a recent record low of 85.1% earlier in the year as demand outpaced new inventory growth, according to data released...
More news for Monday, Jan. 23
Jan 22, 2017
Seniors welcome new, battery-powered friends … LifeSpan president talks future of senior care … Women’s cognitive decline begins earlier than previously believed … Older adults...
Hospitality, once reserved for hotels and resorts, now a key component of senior living
By
David Miller
Mar 06, 2016
The difference between hotel management and senior living is that the guests don’t leave, making it even more critical to provide an exemplary level of service. You might say it’s hospitality...