NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Market Trends  |  Senior Housing

Initial Move-in Rates for Independent Living Fall Below Year-Earlier Levels in Q4 2017

By: Beth Mace  |  February 28, 2018

The NIC Map Data Service recently released national benchmark data through year-end 2017 for actual rates and leasing velocity. Key takeaways include:

Economic Trends  |  Market Trends  |  Senior Housing

How to Boost Market Performance and Penetration Rates

By: Beth Mace  |  February 14, 2018

As 2018 continues to unfold, construction pipelines are expected to remain full. Near-record low occupancy levels in assisted living will remain tested, while occupancy pressures will grow in independent living as well.

Market Trends  |  Workforce

2017 Transaction Volume Down Slightly From 2016

By: Bill Kauffman  |  January 31, 2018

The 2017 preliminary closed transactions data is in and it shows a slight decline in dollar volume compared to 2016. Seniors housing and care closed transaction volume in 2017 registered $14.1 billion, which included relatively weak second and fourth quarter transaction volume. The $14.1 billion includes $7.9 billion in seniors housing and $6.2 billion in nursing care. The total volume was down 2.8% from the previous year’s $14.5 billion, but down 35.5% from 2015 when volume came in at $21.9 billion. If these figures hold as we finalize the 2017 numbers then it will be the lowest year in closed transactions volume since 2012.