As reported by Senior Housing News, data from the National Investment Center for Seniors Housing & Care (NIC) shows that the third quarter occupancy rate of assisted living has increased to 86.6 percent from 86.5 percent during the second quarter—a move in a favorable direction.
Independent living, however, decreased to 90.5 percent in the third quarter—down slightly from 90.6 percent in the second quarter.
Overall, senior housing occupancy remained unchanged from quarter two to three at 88.8 percent. In addition to the occupancy rates, Senior Housing News breaks down the possible reasons for the change in an article published October 11, 2017.
Health Dimensions Group offers the following observations on senior housing occupancy:
For more information about senior living feasibility studies, marketing and sales audits, or other senior living consulting services, please visit www.healthdimensionsgroup.com/services/ or contact us at 763.537.5700 and email@example.com.
Authored by: Colin Higgins, Director, Analytics and Research, Health Dimensions Group