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Slow but steady, AL occupancy climbs.(Market Watch)
Assisted living operators can take heart that occupancy is continuing to show signs of improvement. It's one of several positive trends reported by the National Investment Center for the Seniors Housing & Care Industries (NIC) for the first quarter of 2004 in its Key Financial Indicators.
Anthony Mullen, research director at Annapolis, Md.-based NIC, said the median occupancy rate for stabilized assisted living properties open 24 months or more increased 86 percent during the first quarter of 2004. That's up from 85 percent the previous quarter and up from 83 percent for Q1 2003. "Although this steady climb is encouraging news for the sector and trending in the right …
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