Despite steadily rising occupancy rates, margins in 2022 have been shrinking for operators of senior housing.
Inflation and a shortage of skilled labor, especially nurses—a shortage which predated the pandemic but has grown much worse during it as nurses became part of the Great Resignation—have caused a surge in operating costs that is squeezing NOI margins at senior living facilities.
Managing costs has become priority number one for senior living operators. For those relying on agencies to fill staffing shortages, that's a tough row to hoe.
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