Is Seniors Housing Absorption Becoming a Problem?
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Harry: “Absorption’s current pace will have to pick up.”
ANNAPOLIS, MD—National Investment Center for Seniors Housing & Carereports that fundamentals in the seniors housing sector have showed some improvement in this past quarter—but concerns about absorption have not entirely been vanquished.
Last quarter occupancy in the seniors housing sector pointed to a surprising level of weak absorption, NIC said at the time.
Namely, in Q1 NIC reported that the average occupancy rate for seniors housing properties dropped by 0.2 percentage points to 90.2%, from the prior quarter and that occupancy rates for majority assisted living properties slipped to 88.7%, down 60 basis points from 89.3% in the fourth quarter and 20 basis points from 88.9% in the first quarter of 2014…
