On the closing day of sessions at this year’s conference, panelists addressed the biggest risks facing nursing facilities, hurricane preparedness and acquisition trends.
Panelists at the National Investment Center for Seniors Housing & Care's Fall Conference addressed the need for multigenerational housing for seniors, affordability issues and lending on skilled nursing facilities.
Related Cos. wants to add luxury seniors housing high-rises to its development pipeline over the next five years.
The national occupancy rate dropped to 81.7 percent during the months of April to June, a 79 basis point drop from the quarter before, according to a quarterly report from the NIC.
What are the risks facing operators and financiers of seniors housing and care facilities?
High construction levels are tempering some of the enthusiasm in the seniors housing sector.
Later this month, a non-profit organization affiliated with Purchase plans to sell $14.5 million in unrated tax-exempt notes to begin development of a 385-unit retirement community.
The New York firm is buying 22 properties managed by Brookdale Senior Living Inc.
There have been pressures on the skilled nursing occupancy rate since 2011, notes Bill Kauffman, senior principal at NIC.