Seniors housing market ends strong in 2007, NIC finds

Share this article:
The seniors housing and care industry remained robust in the last quarter of 2007. As an example, the percentage of performing loans rose slightly to 99.5%, a new report by the National Investment Center for the Senior Housing & Care Industry (NIC) says.

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.
Share this article:

More in News

Antipsychotics reduction goal raised to 30% by end of 2016, CMS and provider groups announce

Antipsychotics reduction goal raised to 30% by end ...

Long-term care providers are being asked to reduce the use of antipsychotic medications among residents by 25% by the end of 2015, and 30% by the end of 2016. Providers ...

CDC issues new guidelines on pneumococcal vaccine, says LTC flu vaccination rates remain low

CDC issues new guidelines on pneumococcal vaccine, says ...

Long-term care workers continued to have low rates of flu vaccination last season, despite there being 92% vaccination coverage overall among physicians and nurses, the Centers for Disease Control and ...

AL operators accused of withholding $2M in unpaid overtime, minimum wages ...

Four California assisted living operators are facing eight felony charges related to wage theft, tax and insurance violations, according to local reports.