NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Ideas and Discussion  |  Market Trends  |  Senior Housing  |  Workforce  |  staffing

Emerging Trends in Senior Housing

By: Beth Mace  |  November 17, 2022

This article originally appeared in the “Emerging Trends in Real Estate® 2023” report issued by the Urban Land Institute and PwC. Data cited in article as of original publish date; more current data may be available.    Major factors influencing senior housing continue to evolve. Some trends are well known while others are still developing. In 2022 and into 2023, trends for senior housing include the following:

Business Environment  |  Executive Survey Insights  |  Market Trends  |  Senior Housing  |  Skilled Nursing

Executive Survey Insights Wave 47: October 17 to November 13, 2022

By: Ryan Brooks  |  November 17, 2022

“Single-site operators and those with between two and nine properties were more likely to be considering product diversification, with single-site operators favoring lower acuity settings (36%) and those with between two and nine properties equally considering lower acuity (20%) and higher acuity settings (20%). With regards to expected changes to various care segments in their portfolio of properties, approximately half of respondents expect to increase the active adult (age 55+) and independent living care segments, while just under one-half (45% and 41%) anticipate increases in their assisted living and memory care segments. When asked about the contributing factors to the acceleration of move-outs, operators cite residents moving to higher levels of care as the leading cause (45%), followed by deaths (35%), resident and family member concerns (10%), natural disasters (5%), and current economic conditions (5%).”

Market Trends  |  NIC MAP Vision  |  Senior Housing  |  assisted living  |  independent living  |  occupancy

Senior Housing Occupancy Rate Over Halfway Back to Pre-Pandemic Level

By: Omar Zahraoui  |  November 10, 2022

The all-occupancy rate for senior housing for the NIC MAP Primary Markets increased to 82.8% in the October 2022 reporting period, up 0.6 percentage point (pps) from the September 2022 reporting period on three-month rolling basis, according to intra-quarterly NIC MAP® data, released by NIC MAP Vision. From its pandemic record low of 77.9% in June 2021, senior housing all-occupancy increased by 4.9pps and is now more than halfway in the road to recovery, with a gap of 4.4pps from the pre-pandemic March 2020 level of 87.2%.

Business Environment  |  Market Trends  |  Senior Housing  |  Skilled Nursing

2Q22 NIC Lending Trends: Senior Housing Mini-Perm/Bridge Lending Rises

By: Omar Zahraoui and Bill Kauffman  |  November 09, 2022

NIC Analytics released the 2Q 2022 NIC Lending Trends Report today. The quarterly report, available for free to NIC's constituents, currently tracks $86.8 billion in senior housing and nursing care loans. The report includes data over five years for construction loans, mini-perm/bridge loans, and permanent loans from 3Q 2016 through 2Q 2022.

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