“CCRC occupancy strong as construction pipeline continues to expand, analysis finds,” by Marty Stempniak, McKnight’s LTC News
“A new report paints a rosy picture for continuing care retirement communities this year, with occupancy staying strong and construction numbers increasing steadily. According to a new analysis from real estate investment firm Marcus & Millichap, released on Friday, CCRCs (also known as life plan communities) had the highest stabilized occupancy among all types of senior housing, at 91%, in June. And inventory of such facilities has ticked upward steadily over the past six years, at a clip of about 3,000 units, the firm noted. The average cost to move into CCRCs is high, with monthly expenses at about $3,192 per month, up 3.3% from the previous year, whereas turnover of units has remained low.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
It is starting to sort out where boomers with means prefer to go for senior housing.