May
01

Seniors Housing Occupancy Continues Modest Recovery

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The seniors housing occupancy rate continued its gradual recovery in the first quarter of 2012, reports the National Investment Center for the Seniors Housing & Care Industry (NIC). However, construction activity and year-over-year rent growth slowed, according to NIC MAP, a data analysis service.

Overall, the average occupancy rate for seniors housing properties in the first quarter of 2012 was 88.4 percent, an increase of 0.2 percentage points from the prior quarter and a 0.8 percentage point increase from a year earlier. The seniors housing average occupancy rate has risen consistently during the past eight consecutive quarters and is currently 1.3 percentage points above its cyclical low of 87.1 percent in the first quarter of 2010.

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