Here are some actionable insights. Amid an industry-wide frustration with an exceptionally tight labor market and quickly rising wages, new approaches to recruit and retain good workers were detailed at the 2022 NIC Spring Conference in Dallas. The session, “Fostering Meaningful Engagement: Industry Staffing and Labor Needs,” included presentations by four experts followed by a brainstorming session for industry stakeholders to share ideas on effective strategies.
NIC Leadership Huddles returned on May 11 with a timely focus on the state of senior housing and skilled nursing and the path to recovery. Beth Mace, chief economist and director of outreach at NIC, Brian Beckwith, chief executive officer of Arcus Healthcare Partners, and Craig D. Hanson, chief executive officer of Omega Senior Living, shared insights on potential regulatory changes, market activity, and ongoing workforce and occupancy challenges that continue to impact owners, operators, and investors. Join the Next Complimentary NIC Leadership Huddle Prominent Real Estate Research Directors Discuss Market Trends and the Economic Outlook May 25, 2022 at 1:00 PM ET
It is no surprise that the COVID-19 pandemic had a tremendous impact on skilled nursing occupancy. But what exactly happened? This article provides the insights on supply and demand dynamics and the disparities between property level occupancy rates for freestanding skilled nursing properties.
The recently released 4Q2021 NIC Lending Trends Report report shows issuance of new mini-perm/bridge loans for senior housing hit a recorded high in the time series in fourth quarter 2021, while the issuance of permanent senior housing loans moderated. This may suggest that some lenders are more comfortable with the lower-risk shorter-term nature of mini-perm/bridge loans as some senior housing operators build occupancy and demonstrate a longer performance track record.