Seniors housing market ends strong in 2007, NIC finds
The recent loan performance trouble common to many other areas of the market in recent months has not made an impact on seniors housing and care, according to Robert Kramer, president of NIC. He speculates that loan performance in the first half of 2008 will continue on much the same track as the last quarter of 2007.
Occupancy rates have remained essentially the same, says the NIC report, though there was a slight decrease in rates in independent living and skilled nursing facilities. These segments fell 2% and 2.5%, respectively, from last year's numbers. Similarly, capitalization rates remains strong, with only a 1.3% drop in the CCRC market.
The full report is posted at www.nic.org.