NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Ideas and Discussion

NIC Scholarship Program Encourages New Grads to Choose Senior Living as a Career

By: NIC  |  December 30, 2015

As America’s senior population continues to grow at an unprecedented rate, the need for a larger, well-trained workforce is becoming imperative. And while the growth of the seniors housing and care industry offers exceptional career opportunities for those entering the workforce, the industry at large is still often over looked.

Economic Trends

A Tale of Many Cities

By: Beth Mace  |  December 16, 2015

Occupancy Winners and Losers. Seniors housing occupancy rates vary considerably across the nation, with Lancaster, PA, ranking as the strongest occupied market among the NIC 99 in the third quarter at 96.9%, followed by Charleston, SC (at 94.9%), and San Jose, CA (at 94.8%). Four metro areas with the lowest occupancy rates share one thing in common—Texas. These include McAllen, San Antonio, El Paso, and Houston, and all had occupancy rates at or below 85% in the third quarter. The NIC 99 metro average was 90.1% by comparison.

Economic Trends  |  Ideas and Discussion

Smart Capital is the Best Capital: Meet Your Next Capital Provider

By: NIC  |  December 09, 2015

Today’s capital market conditions are favorable: capital is relatively inexpensive and readily available. Looking ahead, what will happen if and when the capital markets change? A change in policy by the Federal Reserve has the potential to cause a sea of change for both lenders and borrowers as the cost of capital increases. Higher interest rates will change the economics of a transaction and may cause some investors and lenders to reconsider deals and opportunities.

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