Occupancy rates continue to rise for all seniors housing property types, with assisted living seeing the largest increase, according to the latest intra-quarterly data from the National Investment Center for Seniors Housing & Care (NIC).
The report, just released on the NIC MAP Vision platform, tracked data from November. It found that senior housing occupancy increased in primary markets, and assisted living properties’ occupancy increased in primary and secondary markets. In addition, nursing care saw an overall increase in all markets.
Occupancy continues to be on the upswing, according to NIC. Rates began to improve as demand rebounded over the summer of 2021. The industry registered its strongest increase in the number of occupied units since NIC MAP began reporting the data back in 2005, according to the report.
In October, an intra-quarterly snapshot for the month revealed that senior-housing-stabilized occupancy had risen for its fourth conse