Industry stays robust in first quarter
The long-term care industry stayed healthy in the first quarter. Three key long-term care indicators remained stable, according to the National Investment Center for the Seniors Housing & Care Industry.A total of $838.4 million in permanent debt financing was placed in the industry. This volume represented a 25% increase compared to the first quarter of last year.
Another key indicator, occupancy rates, stayed strong the last quarter of 2005. Rates for properties open at least 24 months improved for most long-term care properties. Capitalization rates also remained mostly steady from the last quarter of 2005 to the first quarter of 2006.