NIC Notes

Insights in Seniors Housing & Care

Active Adult  |  Market Trends  |  NIC MAP Vision  |  Senior Housing

Active Adult Inventory and Penetration Rates

By: Caroline Clapp  |  February 28, 2023

Active adult rental properties serve older Americans who wish to live in a multifamily setting with other residents who generally are more independent and active than the residents in today’s senior housing offerings. NIC MAP Vision recently released inventory data for active adult  for the fourth quarter of 2022. The analysis presented in this blog post aggregates the inventory and demographics of these active adult communities by market; calculates penetration rates within each market; and identifies where the largest concentration of inventory is located. Note that this analysis simply evaluates the supply side of the active adult market given the availability of inventory data. NIC MAP Vision is scheduled to release performance data such as occupancy and rents later in 2023, which should provide further insight into active adult demand.

Ideas and Discussion  |  Senior Housing  |  Workforce

NIC Teams with Higher Ed to Cultivate New Leaders

By: NIC  |  February 23, 2023

Mullen and Colson Scholars Lead the Way With an assist from NIC, universities and colleges are ramping up their senior living programs helping to build a robust pipeline of new, committed industry leaders.   Take, for example, Rebecca Bond. She’ll graduate this spring with a master’s degree in Management of Aging Services from the Erickson School of Aging Studies at the University of Maryland Baltimore County (UMBC). 

Economic Trends  |  Ideas and Discussion  |  Market Trends  |  Senior Housing

Senior Housing Unit Mix: An Important Factor for Better Performance

By: Omar Zahraoui  |  February 22, 2023

INTRODUCTION  Many factors play a role in determining the performance of an individual senior housing property. One of these considerations is unit mix, i.e., the share of studios, one-bedroom, or two-bedroom units within a single property. The unit mix of a senior housing property is a critical aspect of a property that must be carefully planned, managed, and executed upon. Senior housing constituents, both upstream and downstream, understand that the proper unit mix of a property is a vitally important component of maximizing occupancy and minimizing resident turnover as a resident moves through the continuum of care. 

Business Environment  |  Economic Trends  |  Market Trends  |  Senior Housing

Closed New Permanent Loan Volumes Fell to a Time Series Low

By: Omar Zahraoui and Bill Kauffman  |  February 08, 2023

3Q 2022 NIC Lending Trends Report NIC Analytics has released the 3Q 2022 NIC Lending Trends Report. The quarterly report, available for free to NIC’s constituents, currently tracks $85.1 billion in senior housing and nursing care loans. The report includes data over six years for construction loans, mini-perm/bridge loans, and permanent loans from 3Q 2016 through 3Q 2022.

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