Senior Housing News June 17, 2024
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Senior living operators are now picking up the pace with occupancy,approaching – and passing – census levels last seen in 2019.
Signs of the race for occupancy speeding up are apparent, given the broader industry’s 11th consecutive quarter of census growth. Some of the industry’s prominent operating companies have reported consistent occupancy growth in recent months.
That trend extends to Tucson, Arizona-based Watermark Retirement Communities, which has focused on solving staffing issues, expanding lifestyle offerings and resident services, all of which help improve occupancy gradually in the last two years.
“At some point, we’re going to be full, and there’s no reason to believe these numbers are going to slow down,” said...
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