Senior Housing News August 13, 2024
Occupancy in life plan communities (LPCs) is continuing to inch upward, with memory care units showing the greatest growth over the last quarter.
That’s according to the latest LPC Occupancy report from Chicago-based investment bank Ziegler, which included data from 1,164 not-for-profit and for-profit entrance fee and rental life plan communities in 140 markets across the U.S.
According to the report, independent living maintained the highest occupancy in the second quarter at 91.1%, a 0.1 percentage point increase from the previous quarter. The memory care segment, while at 89.7%, increased a full percentage point compared to the first quarter and showed 3.7% growth, year over year.
Overall occupancy within LPCs grew...
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