NIC Notes

Insights in Seniors Housing & Care

Market Trends  |  Senior Housing  |  Skilled Nursing

2Q 2023 Lending Trends in Senior Housing and Nursing Care Relatively Weak Due to Rate Pressures, Credit Squeeze, and Market Fears

By: Omar Zahraoui  |  November 08, 2023

NIC Analytics released the 2Q 2023 NIC Lending Trends Report today. The quarterly report, available complimentary to NIC constituents, includes data trends over seven years for senior housing and nursing care construction loans, mini-perm/bridge loans, and permanent loans from 3Q 2016 through 2Q 2023.

Actual Rates  |  Business Environment  |  NIC MAP Vision

Senior Housing Occupancy Recovery: A Compelling Case for Optimism, Growth, and Renewed Purpose

By: Omar Zahraoui  |  October 05, 2023

The senior housing market appears well-positioned for a steady and ongoing recovery, with occupancy levels expected to reach/exceed pre-pandemic levels in 2024, barring unforeseen challenges.

CCRC  |  Market Trends  |  NIC MAP Vision

CCRC Performance 2Q 2023

By: Omar Zahraoui  |  September 13, 2023

The following analysis examines occupancy and year-over-year changes in inventory, and same-store asking rent growth—by care segment—within CCRCs and non-CCRCs in the 99 combined NIC MAP Primary and Secondary Markets. The analysis also explores the distribution of occupancy rates by payment type across all care segments during the second quarter of 2023.

Market Trends  |  NIC MAP Vision  |  Senior Housing

Senior Housing All Occupancy on Track for a Ninth Consecutive Quarter of Gains

By: Omar Zahraoui  |  September 12, 2023

Senior housing all-occupancy is on track for a ninth consecutive quarterly gain, with a half percentage point increase in the first two months of the third quarter of 2023, i.e., July and August. The all-occupancy rate for senior housing for the 31 NIC MAP Primary Markets edged up to 84.2% in the August 2023 reporting period, up 0.1 percentage points (pps) from the July 2023 reporting period on a three-month rolling basis, according to intra-quarterly NIC MAP® data, released by NIC MAP Vision. From its pandemic record low of 77.8% in June 2021, senior housing all-occupancy increased by 6.4pps and is now 2.9pps below pre-pandemic March 2020 levels of 87.1%.

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