NIC Notes

Insights in Seniors Housing & Care

Senior Housing  |  middle market

Moving to Action: Senior Housing Solutions for Serving the Middle Market: NIC Webinar Recap

By: NIC  |  February 29, 2024

Middle income seniors don’t have a wealth of senior living options. Either they don’t have enough money to afford a market rate community, or too much to qualify for an affordable place.

CCRC  |  Market Trends  |  NIC MAP Vision

CCRC Performance: Entrance Fee Occupancy Surpasses 90% in 4Q 2023

By: Omar Zahraoui  |  February 29, 2024

The following analysis examines occupancy and year-over-year changes in inventory, and same-store asking rent growth—by care segment—within entrance fee CCRCs and rental CCRCs in the 99 combined NIC MAP Primary and Secondary Markets. The analysis also explores the recovery of regional occupancy rates by majority contract type (entrance fee CCRCs vs. rental CCRCs) and compares the distribution of occupancy among different community types and by contract type during the fourth quarter of 2023.

Market Trends  |  NIC MAP Vision  |  Senior Housing

Initial Rate Growth and Discount Strategies in Senior Housing

By: Omar Zahraoui  |  February 29, 2024

The following analysis examines initial rate growth and discounts offered compared to asking rates across all senior housing care segments. Additionally, the analysis explores initial rate growth patterns within select NIC MAP® metropolitan markets reported by NIC MAP Vision.

Market Trends  |  Skilled Nursing

Expect Continued Pressure on Skilled Nursing Margins in 2024

By: Bill Kauffman  |  February 29, 2024

As we venture through 2024, the skilled nursing sector is preparing to navigate the challenges and seize the opportunities that lie ahead. The sector is focused on securing increased funding, enhancing public education about the sector, and addressing the ongoing workforce challenges.