A Pandmeic Initiative In spring 2020, responding to the onset of the COVID-19 pandemic, NIC launched numerous initiatives to help senior living leaders understand and improve their responses to the crisis. Given the pace of change impacting the industry, NIC began to produce a high volume of relevant and timely data and analysis more frequently than ever before. In just a few months, NIC produced an entire suite of resources aimed at improving access to data and analysis relevant to the impact of COVID-19 on the senior housing and care industry. Part of that effort was to release the NIC Intra-Quarterly Snapshot reports, which, like several other pandemic-related NIC initiatives, is still being produced today.
NIC Analytics recently released the 2Q2021 NIC Lending Trends report, a free report available now. The quarterly report tracks over $86.9 billion in senior housing and nursing care loans including construction loans, mini-perm/bridge loans, and permanent loans from the third quarter of 2016 through the second quarter of 2021. The NIC Lending Trends Report helps to deliver on NIC’s mission to enable access and choice by further enhancing transparency of capital market trends in the senior housing and care sector. Below are a few key takeaways from the NIC Lending Trends Report for second quarter 2021. Access the full report on nic.org.
Labor shortages and the delta variant likely limited further occupancy gains. NIC MAP® data, powered by NIC MAP Vision, released its latest Skilled Nursing Monthly Report on November 4, 2021, which includes key monthly data points from January 2012 through August 2021.
The following analysis examines current conditions and year-over-year changes in inventory, occupancy, and same-store asking rent growth—by care segments within CCRCs (CCRC segments) compared to non-CCRC segments in freestanding or combined communities to focus a lens on the relative performance of care segments within CCRCs during the third quarter of 2021.