NIC Notes

Insights in Seniors Housing & Care

Actual Rates  |  Economic Trends  |  NIC MAP Vision  |  Senior Housing

Asking Rates Grow: Key Takeaways from 2Q22 NIC MAP Vision Actual Rates Report

By: Anne Standish  |  September 06, 2022

Data from the recently released 2Q2022 NIC MAP Vision Actual Rates Report showed that for the sample of Actual Rates data contributors, all three care segments (independent living, assisted living, and memory care) hit record high year over year growth of asking rates for the second quarter in a row. In the recently released report, monthly data of actual rates and leasing velocity are presented through June 2022, including data on rate discounting and move-in/move-out trends. Read on for further key takeaways from the recently released report.

Market Trends  |  Skilled Nursing  |  medicare

Skilled Nursing Occupancy Relatively Steady in June 2022

By: Bill Kauffman  |  September 01, 2022

“Given the challenges on multiple fronts for skilled nursing operators, recruiting and retaining staff is a number one priority. Operators must build a culture that supports and strengthens their staff”

Active Adult  |  Business Environment  |  Ideas and Discussion  |  NIC Fall Conference

Do’s and Don’ts for Active Adult: Playbook for Emerging  Property Type

By: NIC  |  August 31, 2022

Thinking of investing in, developing, or operating an active adult project? Here are some do’s and don’ts from experienced experts.

Executive Survey Insights  |  Market Trends  |  Workforce

Executive Survey Insights Wave 44: July 25 to August 21, 2022

By: Ryan Brooks  |  August 25, 2022

Rising operating expenses now surpass staffing challenges as the most frequently cited response to the question from Wave 44 which asks about “the biggest challenge facing my organization today.” Employee turnover and attracting community and caregiving staff (which have traditionally been cited as the top challenges among survey respondents) are now coming in as the 2nd and 3rd biggest challenges organizations are confronted with. That said, a promising sign of relief to the long-standing labor market issues may be that 15% of responding organizations anticipate their staffing challenges will improve in the second half of 2022 and half of respondents (47%) anticipate their staffing challenges will improve in the first half of 2023.