NIC Notes

Insights in Seniors Housing & Care

Actual Rates  |  Market Trends  |  NIC MAP Vision  |  Senior Housing

Key Takeaways from Third Quarter 2023 NIC MAP Vision Actual Rates Report

By: Omar Zahraoui  |  December 15, 2023

Data from the recently released 3Q 2023 NIC MAP Vision Actual Rates Report showed that the pace of growth in all rates for all care segments (independent living, assisted living, and memory care) maintained near record highs observed since the onset of 2023 for the data contributors to this data collection. In the recently released report, monthly data of actual rates and leasing velocity are presented

CCRC  |  Market Trends  |  NIC MAP Vision

CCRC Performance 3Q 2023: Strong Market Fundamentals

By: Omar Zahraoui  |  December 06, 2023

The following analysis examines occupancy and year-over-year changes in inventory, and same-store asking rent growth—by care segment—within CCRCs and non-CCRCs in the 99 combined NIC MAP Primary and Secondary Markets. The analysis also explores the distribution of units in CCRCs and non-CCRCs by year of opening as well as regional occupancy rates by profit status (not-for-profit CCRCs vs. for-profit CCRCs) and payment type (entrance fee CCRCs vs. rental CCRCs) during the third quarter of 2023.

Ideas and Discussion  |  NIC MAP Vision  |  Senior Housing  |  healthcare

Would you Rather Solve Senior Housing or Health Care for Older Adults?

By: Dianne Munevar  |  November 28, 2023

Well, what if you didn't have to choose? For 40 years and counting, senior housing owners and operators have prepared for and responded to the housing needs of aging adults. This market, which includes assisted living and independent living as well as memory care and nursing homes, has seen immense growth. But two problems remain: affordability and integration with comprehensive health services. These issues will persist for future generations if we don’t start solving them today—to allow our grandparents, parents, and eventually ourselves to live in the settings we choose with the appropriate set of health care services we need to age with dignity.

Market Trends  |  NIC MAP Vision  |  occupancy

Senior Housing Occupancy: A Tale of Recovery and Rank Reversals

By: Omar Zahraoui  |  November 09, 2023

NIC MAP Vision released October 2023 intra-quarterly data on November 9, 2023. The following NIC analysis highlights the ongoing occupancy recovery overall and includes market-level insights from the data.

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