Considerations for 2022 Resident Rate Increases As 2021 comes to an end most senior housing operators including Assisted Living, Memory Care, Independent Living are contemplating resident rate increases for their services. If you are thinking 3% to 4% you are probably in trouble. We see many Assisted Living, Memory Care and Independent Living clients […]
The National Senior Housing Market: 2021 Midyear Review The Senior Housing industry, while a need-driven business, is at least for the near future facing some uncertainty as they recover from declining census and increased expenses caused by the pandemic. Divided into three major market segments: unlicensed facilities such as Independent Living (IL), Active Adult, and […]
If you are thinking increasing rates 3% to 4% is enough, you are probably in trouble. We see many operators of Assisted Living, Memory Care or Skilled Nursing Facilities who have gotten their top line revenue, and gross revenue, back close to pre-Covid levels, but their bottom lines are lagging far behind due to their […]
The National Senior Housing Market: 2020 Midyear Review The Senior Housing sector ushered in 2020 on track for another record-setting year… then COVID-19 happened. As this global pandemic wreaked havoc around the world, it became very apparent that those over the age of 65 were particularly vulnerable. Unfortunately, the Senior Housing sector as a whole […]
Senior Housing Defined Since the outbreak of the COVID-19 Pandemic, the entire senior housing sector has been lumped into the term “Nursing Home,” and that is simply incorrect and unfair. There are five specific categories within the Senior Living Industry, Independent Living (IL), Assisted Living (AL), Memory Care (MC), Skilled Nursing Facilities (SNF) and Continuing […]
What will the Senior Housing Space look like after COVID 19 There has been much speculation about how the Shelter in Place orders will affect census at Assisted Living, Memory Care and Skilled Nursing facilities throughout the country. Most operators that we at JCH are talking to have, at a minimum, put in place very […]