Ideas and Discussion | Market Trends | NIC Fall Conference | NIC conference | healthcare
By: NIC | February 02, 2023
Older adults choosing where they live is becoming increasingly dependent on how they want to live. Baby Boomers are determined to live with a sense of greater purpose—connected to their personal interests and those of the community around them. As part of that greater purpose, this generation is prioritizing their health and well-being. Senior housing has a significant role to play now, and in the future, to help deliver the value that residents demand.
Business Environment | Market Trends | NIC Fall Conference | NIC conference
By: NIC | January 25, 2023
Who, What, When, Where, Why. Those are the five basic questions vital to information gathering. The so-called five “W’s” are also a good place for owners and operators to start as they consider how to reposition a property amid occupancy challenges, changing demographics and an aging building stock. A panel of experts tackled the big questions on repositioning during an educational session at the 2022 NIC Fall Conference. The discussion, recapped below, was led by NIC Chief Economist Beth Mace.
Business Environment | Ideas and Discussion | Market Trends | NIC Fall Conference
By: NIC | January 18, 2023
Playing off the catch phrase “winter is coming,” popularized in the medieval fantasy drama Game of Thrones, senior living investors and operators should be warned that “ESG is coming.”
Market Trends | NIC Fall Conference | Skilled Nursing | medicare
By: NIC | January 12, 2023
Surprises happen. Despite plenty of headwinds—a labor shortage, challenged occupancies and rising expenses—the price of skilled nursing facilities continues to climb. The average price per bed in the third quarter of 2022 was $106,340, up from $95,657 during the same quarter in 2021, an 11% increase.