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📢 A must-read! 👀 Check out this article on trends from Senior Housing News. As demand rises and occupancy grows, reliable technologies like NOTIFY will be more critical than ever. #SeniorHousing #seniorliving #nursecall #assistedliving #memorycare

Assisted living occupancy recovered faster than independent living in 3Q23, helping to buoy the overall occupancy rate in 2023, according to Omar Zahraoui. The trend of more frail older adults moving into senior housing may be the cause and may continue in 2024. Read more about potential 2024 industry trends in Senior Housing News: https://bit.ly/48jJtxO #OlderAdults #SeniorHousing

Interesting article by Senior Housing News. Prompts my usual question (well, really two questions, but they're inextricably linked): How long? AND How many? How long can rates continue to rise before a ceiling is hit by the market and increasing labor costs and other operating expenses cannot be outpaced by high single-digit+ rate increases (margins begin to drop significantly)? How many American seniors can actually afford to pay the current rates and the higher rates in the future? There's already an affordability issue in seniors housing and it's only going to get worse as time goes on. The #missingmiddle is real, and there's not a lot of great solutions for them currently. The industry needs to get creative. #seniorhousing #seniorcare #seniorliving #affordablehousing #babyboomers #seniorshousing #activeadult

2024 presents ‘golden opportunity’ for senior living to increase occupancy: NIC The article from McKnight's Senior Living, authored by Kimberly Bonvissuto on February 20, 2024, discusses the National Investment Center for Seniors Housing & Care's (NIC) positive outlook for the senior living sector in 2024. According to NIC's blog post by Omar Zahraoui, despite the challenges of volatile capital markets, senior living communities have a significant opportunity to increase occupancy and drive growth this year. This optimism is based on favorable supply-demand dynamics in the market. Zahraoui highlights findings from NIC Analytics' first occupancy stratification report, which reveals a strong demand resurgence for senior housing over the past three years, although recovery rates vary across different communities and markets. The report notes that before the pandemic, 17% of communities in NIC MAP's surveyed markets had stabilized occupancy rates below 80%. This percentage slightly increased to 23% in the fourth quarter of 2023, indicating that about one in four senior living communities reported occupancy rates below this threshold. The outlook for 2024 suggests an improvement, with expectations that 85% of senior living communities will reach occupancy levels of 80% or higher, surpassing 2019's pre-COVID figures. However, a small portion of communities will continue to struggle, with 13% expected to have occupancy rates between 60% and 80%, and 2% below 60%. NIC MAP forecasts that the average stabilized occupancy rate for senior living communities in its primary and secondary markets will hit 90% by year-end. The slow recovery process for some communities is acknowledged, with market-level challenges and opportunities identified. Low construction starts and moderate inventory growth, which are expected to pick up by the end of the year, could bring competition from newly opened communities. Zahraoui concludes that 2024 offers a "golden opportunity" for senior living communities to increase occupancy amidst these market dynamics.

Here is some Senior Care news with a Minnesota connection. Senior living providers in high-cost-of-living areas are tackling the affordable housing crisis for their workforce. Moorings Park in Naples, Florida, partnered with K2 Developers to acquire and renovate a Super 8 hotel, addressing the urgent need for affordable housing in the region. Presbyterian Homes and Services in St. Paul, Minnesota, responded to a workforce housing demand revealed in an employee survey by converting a portion of an independent living and assisted community. Both initiatives aim to provide immediate solutions compared to lengthy ground-up developments. Challenges include zoning delays, "not in my backyard" opposition, and potential blurring of personal and professional boundaries for residents. Despite obstacles, the success of these programs has led to plans for expanding workforce housing solutions. Affordable housing options have also facilitated the recruitment of foreign workers for both companies. While challenges persist, the implementation of such initiatives benefits the broader market, encouraging other senior living providers to explore affordable housing options. #SeniorLiving #WorkforceHousing #AffordableHousing #Innovation #EmployeeEngagement Read the full article here: https://lnkd.in/ge6tGVX2 #SeniorLiving #WorkforceHousing #AffordableHousing #Innovation #EmployeeEngagement

Many individuals find themselves without a place to call home, while countless houses sit empty, yearning to be lived in. In the UK, there are 36 million unoccupied bedrooms, a startling statistic that highlights the growing gap between available housing and those in need. Since 2003, the number of unoccupied rooms in England alone has surged by approximately 45%, reaching 25 million in 2011. This trend continues to escalate at an alarming rate, with more homes being purchased but left vacant. Families are having fewer children, and the elderly are choosing to remain in their homes rather than downsizing after their children have grown. As a result, more than one-third of British homes are underoccupied in England alone, and this figure rises to over two-thirds across the entire UK. Shockingly, 54% of those over 65 in England live in homes with two or more unused bedrooms. Furthermore, many of the rental properties on the market are being repurposed for short-term holiday stays, exacerbating the shortage of private long-term accommodation. This troubling trend is worsening at a rapid pace, leaving even fewer options for those seeking stable housing. The scarcity of available rental rooms has led to fierce competition among tenants, resulting in soaring rental prices and devastating consequences for many. In the face of this crisis, Kindroom stands as a beacon of hope and innovation. We refuse to accept the status quo, instead choosing to confront the housing imbalance head-on with empathy and determination. Every empty room represents an opportunity for change, and every underoccupied home holds the potential to become a haven for someone in need. By connecting tenants with these untapped resources, we not only alleviate the strain of high rental costs but also foster a sense of belonging and community. #HousingCrisisSolution #KindroomInitiative #RentalEquality #FutureOfrenting

https://lnkd.in/e_CaD3yq"📊 The results are in! According to a recent survey, community is valued over frills for the well-being of multifamily residents. 🏘️ This goes to show that a strong sense of community and connection is crucial for overall happiness and satisfaction in apartment living. 💕 So instead of focusing on fancy amenities, let's put more effort into building a tight-knit community where residents can support and uplift each other. 🤝 Let's prioritize creating a welcoming and inclusive environment where everyone feels like they belong. 🌎 Because at the end of the day, it's the people that make a place feel like home. 🏠 Share your thoughts on this important topic in the comments below! 👇 #CommunityOverFrills #WellBeing #MultifamilyLiving #HomeSweetHome"

A $275B gap in senior living housing by 2030 translates to roughly 564,000 units needed. By 2026, senior housing is projected to be at 90% occupancy. To meet the growing demand, development must more than triple to overcome the projected housing needs for seniors by 2030. #seniorliving #investingfortomorrow #seniorhousing

In today's competitive market, senior living operators are maintaining their rates and offering fewer discounts. Discover how this strategy is impacting the senior living industry and what it means for future residents and their families. Read more: https://hubs.la/Q02F3QpN0 #SeniorLiving #SeniorCare #HousingTrends #MarketUpdate

The senior living industry is facing an unprecedented supply-demand imbalance that presents a massive opportunity for investors. A recent NIC MAP Vision report shows that, while occupancy rates are set to hit 90% by 2026, the current pace of new construction is not enough to keep up with the rising demand driven by the aging baby boomer generation. To meet the need for senior living units by 2030, development must increase at 3.5 times the current rate, or we risk a $275 billion supply gap. **This is where the opportunity lies.** With more than 10,000 Americans turning 65 each day, the demand for senior housing is only going to grow over the next several decades. Residential Assisted Living (RAL) is particularly well-positioned to meet this need—offering a faster-to-develop, more personalized care model that appeals to seniors and their families. The time to invest is now. As the "silver tsunami" rolls in, those who step in to bridge the supply gap in senior living will be riding a wave of opportunity for years to come. Don’t miss out on this chance to be at the forefront of one of the most important sectors of the real estate market. If you want to know more about our investment opportunities now and in the future let me know! https://lnkd.in/gp_uk7r2 #SeniorLiving #AssistedLiving #InvestmentOpportunity #ResidentialAssistedLiving #SilverTsunami #RAL