Although the rising prices of commodities for some products have improved, construction labor costs and shortages are continuing to push the cost of new senior living projects higher in the second half of 2023. Construction costs per square foot for developers have been on a continuous increase, according to the latest Senior Living Construction Costs […]
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Throughout the years, hotels and restaurants have been a source for senior living community design inspiration. Now, that inspiration is beginning to flow in the opposite direction. As senior living architects and designers have forged ahead in these areas in recent years, hotels in 2023 are taking notice. And they are taking inspiration from senior […]
Private equity firm IRA Capital has formed a $500 million closed-end fund meant to target medical properties and senior housing assets across the country. The fund is meant to focus on acquisition, development and financing of “well-located healthcare assets in high barrier-to-entry and supply-constrained markets”according to an Aug. 12 press release. The release noted that […]
Following the changing credit conditions stemming from the Federal Reserve’s efforts to slow inflation, new permanent debt for senior housing has hit its lowest levels in the last six years.. That’s according to the Q1 2023 NIC Lending Trends Report, released Aug. 9, which indicates the new permanent loan volume closed in the quarter — […]
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