1. Housing Market Fundamentals & Trends in Seniors Housing National Review and Outlook Chuck Harry, Director of Research & Analysis, NIC Metropolitan.

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Presentation transcript:

1

Housing Market Fundamentals & Trends in Seniors Housing National Review and Outlook Chuck Harry, Director of Research & Analysis, NIC Metropolitan Markets & Map Mike Hargrave, Vice President – NIC MAP, NIC Sales Transactions Chuck Harry, Director of Research & Analysis, NIC 2

National Occupancies 3

Source: NIC MAP ® Data & Analysis Service, MBAA; REIS; STR Senior Housing vs. Others Year-over-Year Occupancy Trends (Basis Points) 2007Q Q4 4

Source: NIC MAP ® Data & Analysis Service Seniors Housing Fundamentals 5

Recovery Varies by Metro Market Source: NIC MAP ® Data & Analysis Service 6

Seniors Housing Occupancy Trends 7

Independent Living Move-in Rates Source: NIC MAP ® Data & Analysis Service 8

Assisted Living Move-in Rates Source: NIC MAP ® Data & Analysis Service 9 9

Memory Care Move-in Rates Source: NIC MAP ® Data & Analysis Service 10

Inventory Growth Impacts MC Source: NIC MAP ® Data & Analysis Service 11

Source: NIC MAP ® Data & Analysis Service Occupancy by Property Type 12

Occupancy by Campus Type Source: NIC MAP ® Data & Analysis Service 13

Recovery by Property Type 14 Source: NIC MAP ® Data & Analysis Service

National Asking Rents 15

Senior Housing Rents Less Volatile Source: NIC MAP ® Data & Analysis Service; MBAA; REIS; STR Year-over-Year Asking Rent Growth Trends(%) 2007Q Q1 16

Year-over-Year Rent Growth Trends Source: NIC MAP ® Data & Analysis Service 17

Properties Keeping Rents Steady 18 Source: NIC MAP ® Data & Analysis Service

Rent Growth vs. Core Inflation 19 Source: NIC MAP ® Data & Analysis Service

National Market Outlook 20

Construction Activity Still Tempered 21 Source: NIC MAP ® Data & Analysis Service

Absorption Outpacing Starts 22 Source: NIC MAP ® Data & Analysis Service

Recovery Likely to Continue in Source: NIC MAP ® Data & Analysis Service

Demand Outpacing Supply in Source: NIC MAP ® Data & Analysis Service

Metropolitan Markets 25

Source: NIC MAP ® Data & Analysis Service Dallas vs. MAP 31 Occupancy 26

Source: NIC MAP ® Data & Analysis Service Dallas Seniors Housing 27

Source: NIC MAP ® Data & Analysis Service San Antonio vs. MAP 31 Occupancy 28

Source: NIC MAP ® Data & Analysis Service San Antonio Seniors Housing 29

Source: NIC MAP ® Data & Analysis Service Chicago vs. MAP 31 Occupancy 30

Source: NIC MAP ® Data & Analysis Service Chicago Seniors Housing 31

Source: NIC MAP ® Data & Analysis Service Seattle vs. MAP 31 Occupancy 32

Source: NIC MAP ® Data & Analysis Service Seattle Seniors Housing 33

Source: NIC MAP ® Data & Analysis Service San Francisco vs. MAP 31 Occupancy 34

Source: NIC MAP ® Data & Analysis Service Los Angeles vs. MAP 31 Occupancy 35

Source: NIC MAP ® Data & Analysis Service Denver vs. MAP 31 Occupancy 36

Source: NIC MAP ® Data & Analysis Service Denver Seniors Housing 37

MAP

MAP Occupancy Settling? Source: NIC MAP ® Data & Analysis Service 39

MAP Rent Growth Trends 40 Source: NIC MAP ® Data & Analysis Service

Nashville Independent Living 41

Source: NIC MAP ® Data & Analysis Service Nashville Assisted Living 42

Sales Transactions 43

Transaction Activity Slowing in 1Q12 44 Source: NIC MAP ® Data & Analysis Service

REIT Transaction Activity Lacking 45 Source: NIC MAP ® Data & Analysis Service

Seniors Housing Pricing Softens 46 Source: NIC MAP ® Data & Analysis Service

Northeast Leads Pricing Recovery 47 Source: NIC MAP ® Data & Analysis Service

Top Ten Markets for Transactions 48 Source: NIC MAP ® Data & Analysis Service

Cap Rates Relatively Steady 49 Source: NIC MAP ® Data & Analysis Service

50 © National Investment Center for the Seniors National Investment Center for the Seniors Housing & Care Industry www.nic.orgwww.nicmap.org Chuck Harry, Director of Research & Analysis, NIC Mike Hargrave, Vice President – NIC MAP, NIC