By: Beth Mace | June 09, 2017
Investment returns for seniors housing historically have outpaced the overall NCREIF (National Council of Real Estate Investment Fiduciaries) Property Index (NPI), a property-level index that tracks investment return performance for commercial real estate. But while seniors housing returns outperformed the NPI in the first quarter of 2017, the total annual return for this sector has been slowly trending down since mid-2014.
Economic Trends | Regulatory Environment | Skilled Nursing
By: Bill Kauffman | June 08, 2017
NIC has just released its first quarter 2017 Skilled Nursing Data Report, which includes key monthly data points from April 2012 through March 2017.
By: Beth Mace | June 02, 2017
The Labor Department reported on Friday that nonfarm payrolls increased by a seasonally-adjusted 138,000 positions in May, well below the consensus 182,000 estimate. This followed gains of 174,000 in April, originally reported as 211,000 and 50,000 in March, originally reported as 79,000. Monthly revisions result from additional reports received from businesses since the last published estimates and from the recalculation of seasonal factors. Over the past 5 months, job gains have averaged 162,000 per month, less than the 187,000 monthly pace in the first 5 months of 2016. The economy has generated jobs every months since October 2010.
Market Trends | Senior Housing
By: Beth Mace | May 31, 2017
Its Local, local, local. Seniors housing market fundamentals are not the same for all markets as local development and demand situations shape conditions. In the first quarter of 2017, pronounced differences in occupancy rates could be seen by both property type and geography. By property type at the national level, there was a 370 basis point difference between majority assisted living and majority independent living occupancy rates (87.2% versus 90.9%)—the largest differential in the two data series since NIC began collecting the data in 2005. By geography, the differences were even wider. For assisted living, occupancy rates ranged from nearly 93% in San Jose to less than 72% in San Antonio. For independent living, the gap between best and worst market was narrower, with Houston ranking lowest at 83% and San Jose maintaining its rank as strongest with a 96% occupancy rate in the first quarter. The balance of this blog post will look at these differences in more depth.
