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Good times, bad times continued for assisted living properties in 4Q '03.(Market Watch)
The fourth quarter of 2003 continued to be feast or famine for the assisted living industry, according to the newest Key Financial Indicators[TM] report from the National Investment Center for the Seniors Housing & Care Industries.
The Annapolis, Md.-based research group's study on fourth quarter 2003 occupancy rates highlighted two types of assisted living facility properties in the marketplace: Well-operated ones with occupancy percentage rates in the 90s that are thriving, and those with occupancy rates in the mid-80s that are still struggling. [See Special Report on Assisted Living, page 16.]
The association's financial and performance indicators, …
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