Dec
04

ARA Seniors Housing Releases 3Q Trend Report

By

Seniors housing occupancy rose 30 bps in the third quarter of 2013, marking a halfway point in the metric’s recovery since the recession’s lows. While it increased in both primary and secondary markets during the quarter, the secondary markets pulled the overall seniors housing occupancy level up to 89.7%. Occupancy rose in both the independent living and assisted living segments, increasing 20 bps for IL properties and 40 bps for AL properties in the third quarter, according to the NIC MAP® Data and Analysis Service, 3Q2013. Occupancy remains the lowest in freestanding memory care properties, at 85.0%, and highest in combined independent/assisted living properties, at 90.3%.

READ MORE HERE

Be Sociable, Share!
    Categories : National News

    Comments are closed.