In this month’s NIC Insider newsletter, occupancy rose in the fourth quarter while construction remains constrained, new analysis shows assisted living rent growth lagging wage growth, new podcast episode offers not-for-profit perspective, recent cap rate environment is explored, and an update on the capital markets.
January 23th 2025 Insider
The NIC Analytics team presented findings during a webinar with NIC MAP Vision clients on January 23rd to review key senior housing data trends during the fourth quarter and full year 2024. Additionally, Chris Bird, CEO of LCS, joined Lisa McCracken, NIC’s Head of Research, for a conversation on outlook,…
Since early 2020, the U.S. economy and labor markets have been on a bit of a roller coaster ride. We endured the “Great Resignation” with escalating wages and tight labor markets. At the same time, inflation surged in 2021 and didn’t start to decline until late 2022. NIC conducted analysis…
Sean Kelly, President and CEO of Front Porch, one of the nation’s largest not-for-profit senior living providers, joins the NIC Chats podcast to discuss the evolving landscape of senior living. Sean shares his unique journey into the industry, reflecting on childhood experiences that shaped his perspective on community and intergenerational…
Investors considering an acquisition always ask about the cap rate, the estimated rate of return on the property. But that calculation has never varied so much, according to Colleen Blumenthal, chief operating officer at HealthTrust LLC, a Sarasota-based firm that provides property appraisals and valuations. “There’s a wide spectrum of…
After nearly five years of uncertainty and headwinds in the seniors housing space, capital markets going into 2025 seem to come with the headline “Cautiously Optimistic”. Over the past 18-24 months, in particular, unprecedented interest rate and cap rate pressure sidelined sponsors and capital providers, leading many in the industry…