Senior Housing Update - Rents Up, Occupancy Slightly Down

NIC recently released its latest data on the senior care market. NAREIT also published a story on the results. The data showed slowing activity in construction, slight declines in occupancy, but a small uptick in rents. These results seem to be in line with the regional activity we're seeing. The attached chart highlights changes from the 4th quarter in 2008 to 2009