Economic Trends | Market Trends | Senior Housing | Workforce
By: Beth Mace | March 01, 2017
Texas is no stranger to seniors housing. Of the 140 markets tracked by the NIC MAP® Data Service (NIC MAP), 6 are in Texas: Austin, Dallas/Fort Worth, El Paso, Houston, McAllen, and San Antonio. Two of those are among the largest metro areas in the nation. In this blog post, I give you an analysis of Texas’ seniors housing market and several key takeaways about its performance. Takeaway #1: Population and Job Growth Texas’ population is on the rise, and the state’s larger metropolitan areas are “growth markets.” Pure growth (both population and employment) in addition to pro-growth attitudes and regulations, land availability, and relatively affordable costs of living and doing business have stoked development in many of the urban areas of Texas.
Economic Trends | Senior Housing | Skilled Nursing
By: NIC | February 24, 2017
It may be counterintuitive, but collaboration with enterprises outside the real estate sector such as chronic and transitional care management, homecare, and care management technology services could be the key to unlock added value for seniors housing and care organizations. New care delivery models for frail seniors are emerging that integrate health and supportive services which could improve health care outcomes while reducing costs, presenting a great opportunity for providers, operators, and investors – and the seniors they serve. This emerging trend was discussed during a Feb. 22 webinar, hosted by NIC’s Bob Kramer. He was joined by consultant Anne Tumlinson, who presented the findings of her recent research on collaboration opportunities that create value.
Economic Trends | Senior Housing | Skilled Nursing | Workforce
By: Bill Kauffman | February 15, 2017
This post is a follow-up to last month’s transactions data blog post, providing updated data for the fourth quarter of 2016. Volume and Deals Closed Property sales transactions volume for seniors housing and care in 2016 registered $14.4 billion, with $7.8 billion in seniors housing and $6.6 billion in nursing care. Total annual volume was down 34% from 2015’s $21.8 billion, and down 25% from 2014, when volume totaled $19.0 billion. As stated in the initial blog last month, 2016 started out as a tumultuous year in the capital markets. The significant increase in cost of capital most likely delayed the finalization of some deals, as we did not see the strong bounce back in deal volume in the second quarter as we had seen the past couple of years. Only $2.6 billion closed in the second quarter of 2016 after a relatively strong first quarter of $4.3 billion.
Economic Trends | Market Trends | Senior Housing | Skilled Nursing
By: Lana Peck | January 25, 2017
Components of Market Analysis for Seniors Housing and Care Market studies are a critical component of the seniors housing development planning process. They’re hard to get right and, unfortunately, extremely easy to get wrong. In this multi-part blog series, I’ll provide the nuances, techniques, and best practices for making your market study a successful tool that helps prevent major project failures and uncover significant opportunities. First up: The integral components of a successful market study.
