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Is Occupancy Uptick a Trend or Aberration?

Published Monday, December 28, 2009

For the first time in more than two years the occupancy rate at independent living buildings is on the rise, boosting hopes that the downturn in seniors housing has subsided and that 2010 will prove profitable for owners and operators. The average occupancy rate at independent living properties registered 88.5% in the third quarter, up slightly from 88.4% in the second quarter, according to the National Investment Center for the Seniors Housing & Care Industry (NIC) based in Annapolis, Md. “The big question is whether this is a temporary improvement, or whether a bottom ...

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