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Occupancy Dips in First Quarter Due to Weak Absorption, Supply Increase, Says NIC

ANNAPOLIS, Md. — The occupancy rate in the U.S. seniors housing sector — which includes both independent and assisted living — registered 90.2 percent during the first quarter of 2015, down 20 basis points from the prior quarter, according to the National Investment Center for Seniors Housing & Care (NIC). Still, the occupancy rate is 3.3 percentage points above its cyclical low of 86.9 percent reached during the first quarter of 2010. All statistics are based on data from 31 top markets in the U.S.

AdCare Completes Public Stock Offering

ATLANTA — AdCare Health Systems Inc. (NYSE: ADK), an investment company specializing in seniors housing, has closed an underwritten public offering of 575,000 shares of its 10.875 percent Series A cumulative redeemable preferred stock at a public offering price of $25.75 per share.

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