• Rents and occupancies are rising in the seniors housing sector.
• COVID-19 relief funds have further shored up balance sheets.
• Staffing challenges are front and center for operators today.
• The industry is consolidating, with a shuffling of ownership.
• Further stabilization is expected in 2022 as construction eases.

The seniors housing sector is slowly recovering, and rents for both housing and nursing care rose between 2.0%–2.4% in 2021