Multifamily Market Commentary
Seniors Housing Fundamentals Severely Impacted in 2020
March 17, 2021
Seniors housing fundamentals were greatly impacted by the ongoing COVID-19 pandemic in 2020, with the occupancy rate falling to an unprecedented record low due to remarkable levels of negative net absorption, according to data from the National Investment Center for Seniors Housing & Care’s NIC MAP Data Service. Rent growth on an annual basis managed to remain positive for the year despite the market environment, though the pace of growth slowed each quarter.