The 24th NIC national conference takes place Wednesday through Sunday in Chicago. Featured speakers include Press Ganey Chief Medical Officer Dr. Thomas Lee at the opening general session and former chairman of the board of the Federal Reserve Ben Bernanke at Thursday’s luncheon.
First and foremost, the NIC conference is a conduit that links those with money to those who need it. The event also features informative educational sessions that delve into where the market is now, and what operators need to do in order to compete down the road.
Seniors housing stock collectively rose by 0.1% in the second quarter, putting the sector on pace for a 1.5% annual increase, according to new data from the National Investment Center for the Seniors Housing & Care Industry.
Skilled nursing facilities’ occupancy rate continued to tick up in the first three months of 2014, while absorption flipped into positive territory for the first time in almost a decade, according to the latest quarterly figures from the National Investment Center for the Seniors Housing & Care Industry.
Q: How did senior housing perform in the last quarter of 2013?
A: The numbers overall were good, in terms of continued recovery and strength of market fundamentals. In particular, occupancy was up again, with very strong absorption. It’s especially strong in independent living, and that’s been a trend in the last year or so.