“High occupancy creates new challenges for senior living operators,” by Kimberly Bonvissuto, McKnights Senior Living
Quote:
“The senior living recovery story over the past five years is making way for a new era shaped by the realities of a tightening market, according to the National Investment Center for Seniors Housing & Care. … With average occupancy across the 31 primary markets followed by NIC surpassing 90% in July — and more than 77% of properties operating at an occupancy rate of more than 85% — the main challenge for senior living providers no longer is filling vacant units but managing scarcity of communities, increasing costs and lengthening development timelines.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
With supply limited and age wave demand rising, senior housing price inflation is coming. The sectors surging most are independent and assisted living, the ones most highly private pay. Medicaid’s gradual move into assisted living, level lately at around 18 percent of census may decline as fees increase. Got LTCI?