The average occupancy rate for seniors housing properties edged closer to 90 percent in the first quarter, as the industry’s property types gained absorption due to slow construction and increasing demand. Occupancy hit 89.1 percent for assisted living and 90.2 percent for independent living in the first quarter 2014, both small increases compared to the prior quarter, according to a report by the National Investment Center for the Seniors Housing & Care Industry (NIC). Skilled ...
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