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Key Takeaways from NIC MAP’s Third-Quarter Seniors Housing Data Release

November 26, 2017

Key Takeaways from NIC MAP’s Third-Quarter Seniors Housing Data Release

November 22, 2017 | Beth Burnham Mace | National Real Estate Investor

An attractive senior couple at home on the couch together. Isolated on white.

Key takeaways from the NIC MAP third quarter 2017 seniors housing data release include the following:

  • Seniors housing occupancy remained unchanged at 88.8 percent
  • Annual growth rates for both assisted living inventory and absorption reached record highs in the third quarter.
  • Eleven markets saw gains in inventory of more than 10 percent.
  • Same-store rent growth decelerated.
  • Closed transaction volume accelerated in the third quarter.

Let’s take a closer look at some of these trends.

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September 13, 2017

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