A Look Ahead: The NIC Fall Conference

The theme for the upcoming 2022 National Investment Center for Seniors Housing & Care (NIC) Fall Conference is “Forward Together”, a sentiment that rings true across all facets of the industry. Kicking off Sept. 14 in Washington D.C., this year’s event will welcome thousands of experts and leaders across the senior living space, including several members of the Sherman & Roylance team - Shep Roylance, George Bingham, and Jack Osteen
After recently completing the NIC’s Educational Boot Camp Series in both Skilled Nursing and Senior Housing, Osteen is “looking forward to representing S&R’s Southeast division and continuing to build relationships with current and future clients.”
The conference is considered one of the biggest events of the year, setting the stage for executives, decision-makers, and advisors to connect and share insights on the latest trends and challenges impacting the industry. 
As with past events, the NIC conference is a who’s who of senior housing and skilled nursing. With senior-level execs making up 70% of attendees, this is an incredible opportunity for investors, providers, and operators to interface and discuss the future of the senior housing industry. Earlier this month, we took a closer look at some of the supply chain challenges impacting housing demand. If you recall, one of the biggest takeaways is that traditional housing models have shifted, laying the groundwork for active adult and co-housing communities. The Fall NIC Conference comes at the perfect time, as occupancy rates continue to trend upwards, and dropping lumber prices give builders the green light to move forward. 

Technology Improves Care, Expectations 

Early on in the pandemic, we talked a lot about how technology helped operators adapt and provide a higher level of care. Now, as we approach the final quarter of 2022, technology continues to play a pivotal role. We expect many of the keynotes at this year’s conference to touch on the changes brought on by the pandemic and the future of the industry, which may hinge on the adoption of technology. 
As staffing issues continue to plague operators, many anticipate technology will  play an even more critical role, but this will of course depend on a host of factors 

Will the Recession Have an Impact? 

Many businesses have already felt the effects of the recession, and for others, the looming anticipation is causing uncertainty. The U.S. housing market saw home sales fall 6% in July, even as prices continued to trend upwards. This is creating a unique paradox - and a lot of confusion for investors, execs, property, and business owners. Reports indicate SNF prices are increasing while assisted living (AL) prices are dropping, which could motivate some owners to consider a possible exit strategy. For more information on the current state of the senior housing market or to book a meeting during the upcoming NIC Conference, please reach out