August 29th 2024 Insider
Key Takeaways: Data from the recently released 2Q 2024 NIC MAP Vision Actual Rates Report show that independent living: Saw the most notable slowdown in the year-over-year growth for initial rates (move-in rates). Reported the highest discounts. Showed the greatest improvement in the pace of move-ins. Achieved the largest differential between…
As the industry continues to put COVID in the rear-view mirror, Skilled Nursing is in a transition period, addressing new challenges. From staffing shortages and the looming new minimum staffing mandate to the increasing influence of Medicare Advantage plans, operators must find innovative ways to enhance efficiency, manage costs,…
Active adult rental properties are nearly 93% occupied on average, including newly opened properties still in lease-up, while properties open for at least five years are 95% occupied or higher. Longer life expectancy, increased solo aging, and changing lifestyle preferences are driving demand for these maintenance-free, lifestyle-focused communities. Within the…
This article is the fifth in a series showcasing parent/child dynamics across the senior housing and care industry. My conversation with Susan Barlow and her son, James Klobe, offers insights into why this is becoming a common trend. Tell us about your background. Susan Barlow: My…
Introducing Senior Housing & Care At-A-Glance, a new resource providing a snapshot on the senior housing and care sector. Including summary data on sector market value, supply, returns, ownership types, and more, Senior Housing & Care At-A-Glance serves as a quick reference resource on sector highlights.