NIC: Seniors housing and care industries continue to roar

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Key industry metrics remained strong in the second quarter, with some measurements hitting record highs, according to the National Investment Center for the Seniors Housing & Care Industry.

At $1.6 billion, loan volume hit its highest level since NIC tracking began in 1999. It represents a rise of 130% over a year earlier. In addition, the percentage of performing loans (98.5%) was the highest NIC has recorded.

"Seniors housing and care has trended positive for several years now, emphasizing that the industry has indeed experienced a comeback from some difficult times in the late 1990s," said NIC President Robert G. Kramer. "The strong performance is across all of the sectors that make up the industry's continuum of care."

For investors, average capitalization rates continued to remain near historic lows, with independent living at 8.3%, assisted living at 8.7% and skilled nursing at 12.7%.