NIC Notes

Insights in Seniors Housing & Care

Economic Trends  |  Senior Housing

Seniors Housing Annual Total Investment Returns Equal 12.79% in Q1 2018

By: Beth Mace  |  July 18, 2018

First-quarter investment return data for the NCREIF-reported seniors housing properties equaled 2.14%, composed of a 0.79% capital return and a 1.36% income return. The annual total return through the first quarter of 2018 was 12.79%, overshadowing the NCREIF Property Index (NPI) result of 7.12% and the apartment result of 6.38%. However, at 13.53% industrial total returns outpaced seniors housing.

Economic Trends  |  Ideas and Discussion  |  Senior Housing

Announcing Gary Cohn as NIC Fall Conference 2018 General Session Speaker

By: NIC  |  July 10, 2018

Newt Gingrich, Larry Summers, Ben Bernanke, and Timothy Geithner have all presented at the NIC Fall Conference in recent years with the sharp observations and timely insights that can only come from top government officials. These speakers provided their unique perspectives to NIC’s seniors housing and care executive audiences.

Economic Trends  |  Market Trends  |  Senior Housing  |  Workforce

Seniors Housing Inventory Growth--A Lot or Not So Much--Some Perspective

By: Beth Mace  |  June 13, 2018

First-quarter data showed continued downward pressure on occupancy rates, with assisted living occupancy falling to its lowest level since NIC began reporting data in 2006—85.7%. A broader measure, the occupancy rate for all of seniors housing (independent and assisted living) for the 99 Primary and Secondary markets tracked by the NIC MAP® Data Service, had a first quarter occupancy rate of 88.1%, not the lowest on record, but a nadir since mid-2011 and down from 90.0% as recently as Q4 2015. During the nine quarters since then, inventory growth has exceeded demand by 23,000 units (70,000 units of inventory growth versus 47,000 units of net absorption).