Summary. The highest performing senior housing properties in 2Q20, as measured by occupancy, generally remained highly occupied a year later, while properties with the lowest occupancies in 2Q20 tended to remain in the bottom.
Despite the challenges of the last 18 months, senior housing still offers investment opportunities. But market knowledge is key to success. Industry veteran Robb Chapin understands the dynamics of today’s market.
The path to recovery is never a straight line. While the Delta variant has changed the narrative once again and reportedly affected move-in rates in some seniors housing properties, overall occupancy and demand seem to be experiencing positive momentum.
"The pace of move-ins has slowed as the COVID-19 delta variant spreads primarily among the unvaccinated. In Wave 32, about one-quarter of organizations with assisted living apartments and/or nursing care beds, and about one in five with memory care units reported a deceleration in the pace of move-ins across their portfolio of properties in the past 30-days. Nursing care occupancy has taken a jolt with nearly 40% of organizations indicating that occupancy declined.