NIC Notes

Insights in Seniors Housing & Care

CCRC  |  Market Trends  |  Senior Housing

CCRC Market Trends: 3Q 2019

By: Lana Peck  |  November 25, 2019

As the seniors housing and care industry's leading data provider, NIC tracks occupancy, asking rents, demand, supply, and construction data for independent living, assisted living, memory care, skilled nursing properties—and both for-profit and nonprofit continuing care retirement communities (CCRCs, also known as life plan communities). The following narrative describes CCRC occupancy as of the third quarter 2019, supply and demand, asking rent growth, and construction trends in the combined primary and secondary markets,

Senior Housing

Buyer Activity Strong in 3Q as Pricing Picks Up

By: Bill Kauffman  |  November 19, 2019

The U.S. seniors housing and care transactions market saw a slight drop in dollar volume in the third quarter of 2019 from the previous quarter. However, measured by the number of transactions closed year-to-date in 2019, the market seems to be very active on a relative basis. Judging by interest from investors, especially from the private buyers (discussed further below), this trend is likely to continue in the short-term barring any liquidity or economic shocks.

Ideas and Discussion  |  Market Trends  |  Senior Housing

Driving Innovation Through Consumer Insights

By: NIC  |  November 15, 2019

A mop and a café might not sound innovative to most seniors housing operators. But when presented with the product development strategy that conceived the successful Swiffer® cleaning tool and the Capital One® banking cafés, attendees at the 2019 NIC Fall Conference learned that the process for true innovation applies across all industries.

Market Trends  |  Senior Housing

Current Occupancy Performance Patterns of Older Seniors Housing Markets May Surprise You

By: Lana Peck  |  November 13, 2019

Seniors housing properties are aging, and senior consumer tastes are changing. Strong inventory growth in recent years has brought to market new competition for existing buildings—most built prior to the Great Recession. Which markets have the oldest and newest seniors housing stock? Is there a “sweet spot” in terms of building age and occupancy performance? And, what are some of the factors that contribute to strong occupancy in older buildings?