NIC says senior housing sector looks to have stabilized, for now, despite fears
By John B. Mugford
The National Investment Center for Seniors Housing & Care (NIC), which tracks occupancy rates and other metrics for senior housing, says that the average third quarter occupancy rate of 89.8 percent equaled its three-year average rate. (Chart courtesy of NIC)
Despite concerns about overbuilding and low occupancies, the senior housing market looks to be holding up rather well, especially the independent living sector, according to third quarter (Q3) 2016 data from Bethesda, Md.-based National Investment Center for Seniors Housing & Care (NIC).
The average occupancy rate for senior housing properties in Q3 was 89.8 percent, as absorption, or new occupancies of units compared to new additions, has increased steadily over the last year. The occupancy rate for all types of senior housing increased slightly from the previous quarter, Q2 2016, but was down slightly, 0.1 percent, from a year earlier in Q3 2015.
However,
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