Senior Housing News June 7, 2024
Many senior living communities across the U.S. are holding off from discounting, reflecting discipline for keeping senior living rates where they are.
That’s according to a survey conducted by Bild and Co.The survey is based on market surveys of more than 250 communities across the country.
In the first quarter of 2024, 63% of senior living communities tracked by Bild didn’t offer specials, representing a 7% increase from the first quarter of 2023, according to Alyssa Wendrick, director of data research for Bild and Co. The most common discount that senior living operators offered in the first quarter of the year was reduced or discounted rent, which 11% of communities offered. Another 9% waived or reduced community fees as a...
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