Oct
28

Assisted Living Takes the Lead in Seniors Housing Recovery, Says NIC

By
– National Real Estate Investor

While the seniors housing industry is showing signs of stabilization after a deep recession, the recovery remains choppy with assisted living outperforming independent living on the occupancy front, according to newly released data from the National Investment Center for the Seniors Housing & Care Industry (NIC).

Among the nation’s 31 largest markets, the average occupancy rate at assisted living facilities rose 40 basis points in the third quarter over the prior quarter to reach 88.7%, reports NIC. In contrast, the average occupancy rate at independent living facilities fell 30 basis points during the same period to 87.1%.

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