Curious about what happened with asking rates and actual rate discounting in 2021 or how move-in patterns differed by care segment? Then read on for key takeaways from the recently released 4Q2021 NIC MAP® Seniors Housing Actual Rates Report, available to NIC MAP® subscribers.
Introduction This blog presents an abbreviated portion of the recently released white paper by NIC Analytics. Understanding the population demographics and prevalence of chronic kidney disease (CKD) by market can provide insights about potentially targeting select metropolitan areas in which to develop communities with specialized offerings for senior housing residents with CKD. Due to the differing levels of Medicare beneficiaries (MB) with CKD by metropolitan area, operators may be able target specific markets where they can gain increased resident interest as well as potential additional income by offering services tailored to residents with CKD such as in-home dialysis and specialized dietary support.
Omicron within skilled nursing facilities accounted for about seven percent of U.S. fatalities, higher than the Delta but far below the Fall 2020 spike. While COVID-19 cases in the country and within skilled nursing facilities (SNFs) were very high during the Omicron surge in January 2022, data shows that fatalities among SNF residents remained significantly below the fall 2020 spike prior to the vaccine rollout.
The following analysis examines current conditions and year-over-year changes in inventory, occupancy, and same-store asking rent growth—by care segments within entrance fee CCRCs compared to rental CCRCs—to focus a lens on the relative performance of care segments within CCRCs during the fourth quarter of 2021. Overall CCRC occupancy by profit status and CCRC vs. non-CCRC occupancy differences by care segment will also be addressed.