Senior's Housing Legal News Alert - February 2010

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The Industry Today

Recent lackluster jobs data underlined the uneven nature of the recovery and has made it difficult to assess whether the economy has really turned a corner. Hopes for a vigorous recovery have run headlong into the prospect that paychecks could remain painfully scarce. The job market is getting less bad, but a full recovery remains a distant hope. We’re still looking at a weak economy, but hopefully, the worst is behind us. Occupancy rates in seniors’ housing properties rose for the first time in over 2 years in 3Q09. The occupancy rate in assisted living for the 3Q09 rose to 88.3% from 87.7% in the second quarter. Independent living properties registered 88.5% in the third quarter, up slightly from 88.4% in the second quarter, and nursing home occupancy slipped slightly to 89.1% from 89.2% quarter over quarter. Seniors’ housing operators have turned their attention from deal transactions to improving their operations and profitability. U.S. life expectancy is hitting an all-time high. This latest statistic, combined with plentiful data about the aging population, is yet another reason investors are eying opportunities in the senior living sector.

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Ruskin Moscou Faltischek on:

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