In case you missed it, here are the top five stories grabbing Senior Housing News readers’ attention this week:
1. Developers Hot on High End Senior Housing Post-Recession—Some developers say that demand for high-end senior housing didn’t slow down due to recession, and they’re gearing up even more now that home values are coming back.
2. Spectrum’s Giant Senior Housing Pipeline to Boost Portfolio by 25%—Spectrum has big growth plans to take its 3,000-unit senior living portfolio of independent living, assisted living, and memory care and add 25% in the near term. “We’ve been busy,” Spectrum co-owner Jeff Kraus tells SHN.
3. Senior Housing REIT Potential Poised for Change—The landscape for REITs in senior housing has already started to shift following Fed news this spring that led to a rise in rates. Some REITs are better positioned than others, senior housing analysts say.
4. Seniors Flock to Co-Ops as Housing Option in Some States—Some states are friendlier than others when it comes to senior co-op development, with Minnesota and Iowa seeing seniors flock to their many co-op offerings. Senior Living developers don’t see a threat—yet.
5. HUD Lenders Predict More Senior Housing Construction in 2014—With fewer HUD-to-HUD refis on the horizon, HUD lenders say they are seeing the potential for lenders and the agency to switch gears in 2014. Several lenders share their takes on what it might mean for new construction.
Written by Elizabeth Ecker