The Good News and the Not-So-Good...
The State of Seniors Housing 2007, an annual publication produced by The American Seniors Housing Association (ASHA), the American Association of Homes and Services for the Aging (AAHSA) and the National Investment Center for the Seniors Housing and Care Industry (NIC), reports that senior housing occupancy rates are up.
The publication summarizes survey data from 807 communities across the country comprised of 87,646 independent living units, assisted living units and nursing beds.
Independent living communities enjoying the highest median occupancy rate (95 %), followed by assisted living (93.3 %) and CCRCs (90.7 %), while skilled nursing continues to fall.
We have written about diversifying your business several times this year. Click here and here to read articles on the importance of this topic. Are you thinking about diversifying your business by adding assisted living, independent living or other additional services, if you haven't already?
Copies of The State of Seniors Housing 2007 are available through the NIC website.