NIC Notes

Insights in Seniors Housing & Care

Business Environment  |  Regulatory Environment  |  Skilled Nursing

Access to Capital in the Nursing Home Industry: The Role of Policy

By: Bill Kauffman  |  June 16, 2022

Today, ATI Advisory released a research paper, commissioned by NIC, that is a resource for skilled nursing stakeholders, including policymakers. The COVID-19 pandemic reminded our country of the persistent weaknesses of the long-term care system and NIC believes that a study providing the facts — both past and present — would be of tremendous value to stakeholders and is aligned with NIC’s mission of providing access and choice.

Business Environment  |  Economic Trends  |  Senior Housing

First Quarter 2022 Seniors Housing Income Returns Improve

By: Beth Burnham Mace  |  June 15, 2022

  NCREIF Performance Report Q1 2022 The total investment return for the senior housing sector was a positive 1.08% in the first quarter of 2022. This marked the seventh consecutive quarterly gain after one quarter of pandemic-related negative returns in the second quarter of 2020 (negative 1.00%). Short-term total returns for senior housing remain low compared with the broader NPI, which saw total returns of 5.33% in the first quarter. Appreciation returns for the NPI dwarf those of senior housing, as the NPI was boosted in part by outsized returns in industrial properties (10.96%). Many investors have reduced their appreciation expectations for seniors housing as the impact of the coronavirus has weighed heavily on their view of the sector.

Business Environment  |  COVID-19  |  Executive Survey Insights  |  Market Trends

Executive Survey Insights | Wave 41: May 2 to May 27, 2022

By: Ryan Brooks  |  June 02, 2022

In a new question in the Wave 41 survey, respondents were asked whether they found the acuity of new resident move-ins to have increased, decreased, or stayed the same as compared to before the pandemic. Significantly, move-in acuity has increased for 71% of the respondents with assisted living, and for more than 60% of respondents with memory care units and nursing care beds. In independent living settings, 41% of respondents report acuity having increased since before the pandemic. The shares of organizations reporting acceleration in nursing care move-ins continued to increase – from 21% in Wave 37 conducted in January 2022 to 68% in Wave 41. This marks the fourth consecutive wave where the pace of nursing care move-ins has increased from the prior wave. Over one-half of respondents to the Wave 41 survey (53%) reported lead volumes above pre-pandemic levels in May – a noteworthy increase from the Wave 38 survey reflecting results in February (33%).

Business Environment  |  Economic Trends  |  Ideas and Discussion  |  Market Trends  |  NIC Leadership Huddle

NIC Leadership Huddle: Real Estate Market Trends and the Economic Outlook

By: NIC  |  May 27, 2022

NIC’s 2022 Leadership Huddle series continued May 25 with a deep dive into real estate market trends and an outlook on economic forces. Beth Mace, chief economist and director of outreach at NIC, was joined by Mike Acton, managing director of AEW Capital Management, and Mary Ludgin, head of Global Investment Research at Heitman, to discuss navigating federal monetary policy shifts, investment strategies amid record inflation, and opportunities in senior housing segmentation.

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