NATIONAL Average Rent Median Occupancy Inventory Change Net Absorption Construction Utilization Rate* 2023 SENIORS HOUSING REPORT CARD Q124 SENIORS HOUSING REPORT CARD *Utilization rate is the number of occupied units divided by the number of senior households earning two times the annual monthly rent for a seniors housing unit Sources: NICMap Vision; Real Capital Analytics; CoStar Group © 2024 Berkadia Real Estate Advisors LLC Berkadia® is a trademark of Berkadia Proprietary Holding LLC Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This website is not intended to solicit commercial mortgage company business in Nevada. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing The information contained in this flyer has been obtained from sources we believe to be reliable; however, we have not conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. While we do not doubt its accuracy, we have not verified it and neither we, nor the Owner, make any guarantee, warranty or representation of any kind or nature about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example and do not necessarily represent past, current or future performance of the property. You and your advisors should conduct a careful and independent investigation of the property to determine to your satisfaction the suitability of the property and the quality of its tenancy for your records. CONTACT US $5,482 2.1% SINCE Q423 TOP MARKETS 89.7% 30 BPS Q-o-Q 3,800 UNITS UP 0.5% FROM Q423 6,361 UNITS 42.4% Q-o-Q 37,856 UNITS 2,594 UNITS Q-o-Q TOP MARKETS TOP MARKETS TOP MARKETS TOP MARKETS 19.4% 10 BPS SINCE Q423 TOP MARKETS Stockton, CA 4.4% Memphis, TN 3.9% Louisville, KY 3.8% Knoxville, TN 3.6% Syracuse, NY 3.4% Miami, FL 373 Tampa, FL 325 Charlotte, NC 323 New York, NY 287 Indianapolis, IN 273 New York, NY 581 Miami, FL 545 Philadelphia, PA 464 Los Angeles, CA 420 Tampa, FL 354 Washington, D.C. 4,928 Los Angeles, CA 2,273 Dallas, TX 2,107 Miami, FL 1,678 Denver, CO 1,361 Lancaster, PA 47.3% Minneapolis, MN 46.9% Milwaukee, WI 43.0% Grand Rapids, MI 40.4% Boise, ID 40.0% Lancaster, PA 95.7% Albany, NY 95.7% Portland, ME 95.5% Syracuse, NY 95.3% Tulsa, OK 94.8%
NATIONAL Average Rent Median Occupancy Inventory Change Net Absorption Construction Absorption Ratio* Q124 INDEPENDENT LIVING REPORT CARD *Absorption ratio is the number of units absorbed during the trailing 12 month period divided by the number of units in the market inventory at the end Q124. Sources: NICMap Vision; Real Capital Analytics; CoStar Group © 2024 Berkadia Real Estate Advisors LLC Berkadia® is a trademark of Berkadia Proprietary Holding LLC Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This website is not intended to solicit commercial mortgage company business in Nevada. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing The information contained in this flyer has been obtained from sources we believe to be reliable; however, we have not conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. While we do not doubt its accuracy, we have not verified it and neither we, nor the Owner, make any guarantee, warranty or representation of any kind or nature about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example and do not necessarily represent past, current or future performance of the property. You and your advisors should conduct a careful and independent investigation of the property to determine to your satisfaction the suitability of the property and the quality of its tenancy for your records. CONTACT US $3,912 2.2% SINCE Q423 TOP MARKETS 90.0% 10 BPS Q-o-Q 2,404 UNITS 0.7% FROM Q423 2,482 UNITS 53.5% Q-o-Q 19,093 UNITS 1,561 UNITS FROM Q423 TOP MARKETS TOP MARKETS TOP MARKETS TOP MARKETS 5.6% 30 BPS Q-o-Q TOP MARKETS Columbia, SC 9.6% Knoxville, TN 7.3% Charlotte, NC 7.2% Boston, MA 6.8% New York, NY 6.8% Portland, ME 100.0% Knoxville, TN 97.5% Fort Myers, FL 97.2% Albany, NY 96.5% Melbourne, FL 95.6% Boston, MA 399 Dallas, TX 361 Charlotte, NC 318 New York, NY 217 Miami, FL 191 Boston, MA 260 Dallas, TX 225 Miami, FL 217 Denver, CO 195 Los Angeles, CA 141 Washington, DC 2,337 Dallas, TX 1,272 Portland, OR 930 Austin, TX 800 Detroit, MI 650 Lansing, MI 20.1% Knoxville, TN 18.7% Sarasota, FL 17.3% Fort Myers, FL 17.3% Washington, D.C. 16.7%
Average Rent Median Occupancy Inventory Change Net Absorption Construction Absorption Ratio* *Absorption ratio is the number of units absorbed during the trailing 12 month period divided by the number of units in the market inventory at the end Q124. Sources: NICMap Vision; Real Capital Analytics; CoStar Group © 2024 Berkadia Real Estate Advisors LLC Berkadia® is a trademark of Berkadia Proprietary Holding LLC Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This website is not intended to solicit commercial mortgage company business in Nevada. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing The information contained in this flyer has been obtained from sources we believe to be reliable; however, we have not conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. While we do not doubt its accuracy, we have not verified it and neither we, nor the Owner, make any guarantee, warranty or representation of any kind or nature about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example and do not necessarily represent past, current or future performance of the property. You and your advisors should conduct a careful and independent investigation of the property to determine to your satisfaction the suitability of the property and the quality of its tenancy for your records. CONTACT US NATIONAL Q124 ASSISTED LIVING REPORT CARD $6,248 2.1% Q-o-Q TOP MARKETS 89.6% 40 BPS SINCE Q423 1,160 UNITS 0.2% FROM Q423 3,525 UNITS 31.5% Q-o-Q 17,798 UNITS 1,001 UNITS FROM Q423 TOP MARKETS TOP MARKETS TOP MARKETS TOP MARKETS 3.7% 30 BPS Q-o-Q TOP MARKETS Memphis, TN 4.8% Syracuse, NY 4.4% Raleigh, NC 4.3% Springfield, MA 4.2% Chattanooga, TN 4.1% Colorado Springs, CO 96.3% Stockton, CA 96.0% Syracuse, NY 95.3% New Orleans, LA 95.3% Dayton, OH 95.2% Tampa, FL 325 Atlanta, GA 220 Seattle, WA 220 Miami, FL 183 Ogden, UT 151 New York, NY 396 Los Angeles, CA 283 Houston, TX 241 Milwaukee, WI 222 San Jose, CA 185 Los Angeles, CA 944 San Jose, CA 814 Atlanta, GA 808 Washington, D.C. 769 Jacksonville, FL 767 Harrisburg, PA 12.3% Bridgeport, CT 10.5% Albuquerque, NM 10.5% Youngstown, OH 10.1% Allentown, PA 9.8%