According to a new report, the average per-day rate for a nursing home is at $280 and is expected to rise to $284 by the end of the year. This represents a 3.6 increase over last year.
The report was conducted by California-based commercial real estate brokerage Marcus & Millichap, who said their findings show that the economy has turned a corner and that improvements in the housing market (namely, residents being able to access funds previously tied up in their homes) have also created favorable conditions for long-term care communities.
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