Recent changes demonstrate that healthcare delivery and payment models have entered a period of disruption. While this may not yet be a top concern for everyone, many industry leaders have already begun to consider, and even embrace, the effects these changes will have on seniors housing and care.
In evaluating the attractiveness of a market for seniors housing investment or development, supply and demand metrics are fundamental data to examine, and layering on an assessment of rent growth and occupancy may provide additional insight. The following analysis shows the relationships between average occupancy rates and rent growth patterns for assisted living over a four-year timeframe—from 3Q 2015 through 3Q 2019—for the NIC MAP® 31 Primary Markets in aggregate—and then looks at the relative performance of individual markets.
Last year NIC launched seniorcare.nic.org, a website offering the latest information on seniors housing and care collaborations with the healthcare sector. Providing curated resources and news articles relevant to the new partnerships, innovations, and business deals that are reshaping America’s seniors housing and healthcare landscape, the site offers insights into the rapid evolution of senior care.