January 2022 Update on Senior Housing and Census Operations

2022 started with census, cash receipts and room rate revenues holding steady, retaining the gains made in 2021. Even more notable are assessment fee revenues, which are over 57% higher than same time last year. January service fees recovered from a decline that started in October after hitting a high in September. Move-outs declined in December and January, and the time to convert leads from a tour to a move-in in January was the lowest since August. However, the steady decline in tours, move-ins and inquiry, and marketing outreach activity need to be addressed before there is a negative impact on census and revenues.

January 2022 Senior Housing Census and Operations Update Text Graphic
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