NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  COVID-19  |  Executive Survey Insights  |  Skilled Nursing Tracker

Executive Survey Insights Wave 37: January 10 to February 6, 2022

By: Lana Peck  |  February 10, 2022

The spread of the COVID-19 Omicron variant (and seasonality) had a moderate impact on the pace of move-ins. While the pace of move-ins slowed during the Omicron surge, residents were not leaving out the back door of communities at the same rates that they did earlier in the pandemic. Respondents with nursing care beds cited lack of available staff, fewer hospital discharges due to COVID-19, and the holidays as reasons for a deceleration in the pace of move-ins. Notably, between 70% and 80% of organizations reported no change in the pace of move-outs, indicating that most residents have remained in their communities.

Business Environment  |  Market Trends  |  Senior Housing  |  Skilled Nursing

New Senior Housing Construction Loans Increase and Other Key Takeaways from 3Q21 NIC Lending Trends Report

By: Anne Standish  |  February 09, 2022

The just released 3Q2021 NIC Lending Trends Report shows issuance of new senior housing construction loans jumped in the third quarter of 2021. The increase occurred despite challenges facing new development such as supply chain disruptions, high demand, and rising prices for materials, services, and labor. This indicates that keen interest in new construction and development is returning, reversing the slowdown in lending activity seen earlier in the pandemic.

Business Environment  |  Economic Trends  |  Forgotten Middle  |  Market Trends  |  Senior Housing

Considerations for a Successful Middle Market Product: A Strawman

By: Beth Mace & Ryan Brooks  |  January 20, 2022

Introduction A growing number of senior housing operators and capital providers are expressing interest in the “Forgotten Middle,” a term coined by NIC in 2019 in its seminal research to describe the large middle-income seniors cohort by its demographic characteristics as well as its housing and healthcare needs. The middle market includes Americans who have too much wealth to qualify for government support programs such as Medicaid, but not enough financial resources to pay most private pay options for very long. Identifying the right balance of hospitality, services, and care delivery, while still maintaining a monthly rental price that can be paid for by this group, is the cornerstone to a successful middle-market strategy.

Business Environment  |  COVID-19  |  Ideas and Discussion  |  Senior Housing

How to Align Win-Win Incentives

By: NIC  |  January 11, 2022

Senior Living investors and operators discuss innovative approaches. The pandemic has been a stress test like no other for owners, operators, and lenders alike. Lessons have been learned. But what’s the best way to align incentives among the stakeholders for success going forward?