The number of freestanding nursing homes is declining across the country. In 2018, there were only 21 nursing care facility openings in the U.S., compared to 51 openings five years earlier, in 2013, according to findings from brokerage firm Marcus & Millichap. Meanwhile, a recent New York Times article reported that 440 nursing homes in rural areas have closed over the past 10 years. Recent data from the National Investment Center for Seniors Housing & Care (NIC) also revealed more of a decline in nursing home occupancy rates in rural areas for the period from January 2012 through December 2018. FULL ARTICLE |