Senior Housing News June 18, 2024
Life plan communities are continuing to see improvements in occupancy in 2024 even as certain headwinds continue to make life harder for the sector this year..
A recent report by investment bank Ziegler and NIC MAP Vision shows that occupancy among independent living, assisted living, memory care, and skilled nursing units in life plan communities is up between 1.1% and 3.4% in 2024, compared to the same period last year. Memory care saw the highest uptick in occupancy with a 3.4% increase, followed by a 2.8% increase in assisted living occupancy and a 1.1% increase in independent living compared to 2023.
The data set published by Ziegler covers 1,164 nonprofit and for-profit entrance and rental life plan communities across 140...