May
14

Seniors Housing Occupancy Falls, Rent Growth Continues

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– NICMAP.com

Annapolis, Md. – Occupancy rates fell for seniors housing in the first quarter of 2010, while rent growth continued but at a slower pace than seen in the previous two years, according to NIC MAP, a data and analysis service of the National Investment Center for the Seniors Housing & Care Industry (NIC). The data for the top 31 metro markets also showed that a significant shrinking of the construction inventory pipeline continues, fueled by a combination of project openings and declining construction starts.

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