Post-Acute and Senior Living: Senior housing recovery continues as Q4 occupancy climbs to 89.1 percent

ANNAPOLIS, Md. – The average occupancy rate for senior housing was 89.1 percent during the fourth quarter (Q4) of 2012, up 0.3 percent from Q3 and up 1 percent Q4 2011, according to the Annapolis-based National Investment Center for the Seniors Housing & Care Industry (NIC).

 “Occupancy is now at a four-year high and, with inventory growth remaining tempered… occupancy will likely continue to recover in the near-term,” Mike Hargrave, a NIC VP, said in a news release. The average occupancy rates for independent and assisted living facilities were 89 percent and 89.1 percent, respectively.

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