Multifamily Market Commentary
Seniors Housing Fundamentals Rebounded in 2021
March 17, 2022
After deteriorating since the onset of the COVID-19 pandemic, seniors housing fundamentals began to improve in the middle of 2021, with the industry experiencing a noteworthy rebound, according to data from NIC MAP Vision LLC. During the summer of 2021, the average occupancy rate began to rise due to record levels of absorption, and annual rent growth reversed its declining trend and began to stabilize in the spring, before rising during the middle of the year.