Market Trends | Senior Housing
By: Beth Mace | September 06, 2017
Key Takeaways from the 2017 NREI/ NIC Senior Housing Market Study The National Investment Center for Seniors Housing & Care (NIC) and the National Real Estate Investor (NREI) recently conducted the fourth annual NREI/NIC Seniors Housing Market Study from June 28-July 17. The goal of the online survey was to gauge attitudes and opinions regarding the state of the seniors housing sector. There were 153 respondents. Penton Research conducted the research and the methodology conforms to accepted marketing research methods, practices and procedures. Results of the survey are summarized below:
Economic Trends | Market Trends | Senior Housing
By: Lana Peck | July 12, 2017
The consideration of a new development raises a lot of questions. How successful will a proposed property be in its initial lease-up period and will it be able to capture some of the existing demand as well as a portion of the current and projected growth? What is the optimal combination of care types? How about the mix of unit prices and floor plans; how many one- or two-bedroom units should be planned?
Market Trends | Senior Housing
By: Beth Mace | May 31, 2017
Its Local, local, local. Seniors housing market fundamentals are not the same for all markets as local development and demand situations shape conditions. In the first quarter of 2017, pronounced differences in occupancy rates could be seen by both property type and geography. By property type at the national level, there was a 370 basis point difference between majority assisted living and majority independent living occupancy rates (87.2% versus 90.9%)—the largest differential in the two data series since NIC began collecting the data in 2005. By geography, the differences were even wider. For assisted living, occupancy rates ranged from nearly 93% in San Jose to less than 72% in San Antonio. For independent living, the gap between best and worst market was narrower, with Houston ranking lowest at 83% and San Jose maintaining its rank as strongest with a 96% occupancy rate in the first quarter. The balance of this blog post will look at these differences in more depth.
Economic Trends | Market Trends | Senior Housing | Workforce
By: Lana Peck | May 26, 2017
The first segment of this multi-part series established that market studies are a critical component of determining whether a proposed seniors housing property is an attractive investment opportunity. The second segment touched on maximizing accuracy in defining a market area. And the third segment discussed quantifying and qualifying the competitive environment.
