Originally intended to help guide skilled nursing consumers and their families as they compare and monitor care across different facilities, CMS’ Five-Star Quality Rating System is increasingly being used by investors to identify which properties to invest in and how facilities within their existing portfolio are performing.
The Labor Department reported that non-farm employment increased by 151,000 positions for the first month of 2016. The three-month average from November to January was 231,000. For all of 2015, jobs increased by an upwardly revised 2.7 million positions, the second strongest year since 1999. Moody’s Analytics expects comparable job gains in 2016, with roughly 200,000 positions generated per month.
The U.S. seniors housing and care property sales market continued to remain active in the fourth quarter of 2015, although preliminary data shows dollar volume slowed significantly during the second half of the year. During the fourth quarter of 2015, $2.8 billion in seniors housing and care properties sales closed, down from $3.3 billion in the third quarter and $4.4 billion in the fourth quarter of 2014. Combined third- and fourth-quarter volume totaled $6.1 billion, which was down significantly from $12.7 billion in the first half of the year. The rolling four-quarter total fell to $18.7 billion from its $20.4 billion in the third quarter, but was up from $17.8 billion in late 2014.