As expected, leads and tours declined during the holidays in December. However, lead totals were over 20% higher than in 2021, and tours were comparable to 2021. Census and cash receipts were both stable and move-ins were slightly improved from the previous year but there was not a significant change from November. Move-outs were reduced and over 5% below December 2021 and the number of days to convert tours to move-ins was still up, averaging 93 days in December but inquiry activity dropped again, and marketing outreach took a big dip compared to activity in the last 2 months. Revenues from recurring monthly charges including room and care fees were steady, with the only noticeable revenue drop occurring in ancillary service fees.

December 2022 Senior Housing Census and Operations Update Text Graphic