NIC Notes

Insights in Seniors Housing & Care

COVID-19  |  Market Trends  |  NIC MAP Vision  |  Senior Housing

Did Seniors Housing Occupancy Declines Vary by Operator Size in 2020?

By: Beth Burnham Mace and Anne Standish  |  March 31, 2021

A lot of attention has been paid to the occupancy challenges that seniors housing operators have faced since the COVID-19 pandemic began in early 2020. This blog focuses on the impact of the pandemic on occupancy by operator size. We conclude that single-property operators generally saw smaller occupancy declines during 2020 than very large operators. New supply, as well as pandemic-related changes in the rates of move-ins and move-outs, contributed to this disparity.

NIC MAP Vision  |  Senior Housing  |  Skilled Nursing

Is the “70/30 Rule of Thumb” in Market  Demand  Studies Accurate?

By: Lana Peck  |  March 17, 2021

Key Takeaway: In absence of local data, feasibility analysts use the so called “70/30” rule, where 70% of a PMA’s potential residents come from within the PMA and the remaining 30% come from outside the PMA. Analysis using VisionLTC data, powered by NIC MAP Vision, shows the story is not that simple.

NIC MAP Vision  |  Senior Housing  |  Skilled Nursing

Skilled Nursing Occupancy Hits Low in December 2020

By: Bill Kauffman  |  March 10, 2021

NIC MAP® Data Service released its latest Skilled Nursing Monthly Report on March 4, 2021, which includes key monthly data points from January 2012 through December 2020.

Actual Rates  |  NIC MAP Vision  |  Senior Housing

4Q2020 NIC MAP Seniors Housing Actual Rates Report Key Takeaways

By: Anne Standish  |  March 09, 2021

The NIC MAP® Data Service recently released national monthly data through December 2020 for actual rates and leasing velocity. In this release, NIC also provided data on three metropolitan areas:  Atlanta, Philadelphia, and Phoenix.