✨ Pricing; Costs; Finances

Thank you. I did not expect a personal research assistant.

I had trouble finding the answer, so I asked ChatGPT. Here is what it came up with:

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NIC defines CCRC occupancy using an “all-occupancy” approach, which:

• Includes all occupied units, even those still in lease-up (i.e., units where a contract or deposit exists but the resident has not yet moved in) nic.us-ord-1.linodeobjects.com+12nic.org+12nic.org+12.

This confirms that NIC does not limit occupancy counts strictly to revenue-generating (i.e., move-in and paying) units — they also count units with a deposit or lease pending move-in.

🧩 Clarifying the Definition

• All‑occupancy = Units occupied plus units in lease-up (e.g., new residents with signed contracts/deposits) nic.org.
• This contrasts with stabilized occupancy, which focuses on mature properties only (typically those over two years old or with at least 95% occupancy) nic.org+7nic.org+7nic.org+7 — but your interest seems to be in the broader “all‑occupancy” definition.

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Richmond Shreve

NaCCRA Board Member

Forum Moderator

I'm not familiar with these statistics and have a question about how IL "Occupancy" is defined. My CCRC counts as "sold" any unit where they have taken a minor refundable deposit ($10k) even though it may be months before the unit starts generating monthly fees. How is the occupancy defined in the article?

First quarter statistics are available for those interested on the NIC website.

View NIC Article >>

Richmond Shreve

NaCCRA Board Member

Forum Moderator