NIC Notes

Insights in Seniors Housing & Care

Market Trends  |  Senior Housing

3Q2019 Seniors Housing Actual Rates Report Key Takeaways

By: Beth Mace  |  December 11, 2019

The NIC MAP® Data Service recently released national monthly data through September 2019 for actual rates and leasing velocity. The NIC Actual Rates initiative is driven by the need to continually increase transparency in the seniors housing sector and achieve greater parity to data that is available in other real estate asset types.

Ideas and Discussion  |  Market Trends  |  Senior Housing

Where and How Do Boomers Want to Live  As They Age?

By: Beth Mace  |  December 03, 2019

As we age, where will we want to live? And as importantly, how will we want to live? It’s a decision that faces many of us today, either directly for ourselves or indirectly for our elderly parents. In a recent front-page Wall Street Journal article, Peter Grant drew attention to and rightfully addressed this question, as nearly 13 million older Americans face this decision today and as the massive wave of 72 million baby boomers born between 1946 and 1964 gradually approach the time where post-retirement lifestyle choices will once again need to be made.

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,

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.