Senior Housing Occupancy Trends “Relatively Weak,” NIC Chief Economist Says

Nareit's REIT Report Podcast · Nov 1, 2019 · 10m

In the latest edition of the Nareit REIT Report podcast, Beth Burnham Mace, chief economist and director of outreach at the National Investment Center for Seniors Housing & Care (NIC), looked at the latest trends and developments in the senior housing sector.

Mace described today’s typical senior housing resident as 83 years old with higher acuity needs than in the past. “Because of the great recession, people delayed the timing of when they moved into senior housing, and that has held to be true even today.”

Occupancy trends have been “relatively weak,” Mace said. In the third quarter, the…