College’s $45M Development Puts Students, Senior Housing Under One Roof

A small Wisconsin Catholic university will break ground this summer on a $45 million intergenerational housing development combining independent and assisted living for seniors and nuns, with housing for single mothers pursuing degrees at the school. The development at Mount Mary University in Milwaukee will serve the dual purposes of establishing a support system for […]

Retail Giant Muji Joins Prefab Senior Housing Trend

Muji is joining the ranks of companies, including IKEA, looking to meet the demand for affordable senior housing through prefabrication. Based in Japan, Muji has grown from a retailer of home goods to an internationally recognized brand with more than 500 stores in urban centers such as New York City, where it also offers products […]

Senior Housing Occupancy Inches Up, Assisted Living Turns a Corner

Average senior housing occupancy inched forward in Q4 2019 to 88.1%, up 10 basis points from the previous quarter’s 88% rate, according to new data from the National Investment Center for Seniors Housing & Care (NIC).  But a deeper dive into the data paints a richer picture, including a possible inflection point for assisted living, […]

Behind the Scenes of Watermark’s $330M Landmark Brooklyn Redevelopment

One of the highest-profile adaptive reuse senior housing developments is on pace for a spring 2020 opening, and the companies involved have started to showcase what they are bringing to market. The Watermark at Brooklyn Heights is transforming the landmark 16-story Leverich Towers Hotel in Brooklyn into 275 units — 204 assisted living, 42 memory […]

Senior Housing Deals Take Longer to Close, Construction Timelines Lag

The senior housing development landscape is still strong, but many deals are taking longer to close and buildings are taking longer to fill up. Labor shortages are a primary culprit. “We’re seeing a lot of projects being pushed,” said Douglas Kimes, senior vice president/national director of healthcare for TCF Commercial Banking. He spoke Tuesday at […]

Flood of Equity Helps Offset Tighter Construction Lending in Senior Housing

Senior housing developers and owners looking for construction financing are adjusting to a changing lending environment — scaling down the size of new projects, placing more equity in their capital stacks and turning to other sources as banks tighten lending and construction costs continue to rise. The lending environment, the high costs of building, and […]

Nearly 1 Million New Senior Living Units Needed by 2040

Senior living is currently grappling with the effects of oversupply in some markets. Even more new supply will be needed to meet the demand for senior housing from baby boomers, though, suggests new analysis from the National Investment Center for Seniors Housing & Care (NIC). Using the 80-plus household cohort as a baseline, NIC used […]

These are Senior Housing’s Top 10 Major Construction Markets

There are 25,340 independent living and assisted living units underway in the top 10 U.S. senior housing construction markets, according to a new report from real estate investment and brokerage services firm Marcus & Millichap. The Calabasas, California-based firm analyzed data from the National Investment Center for Seniors Housing & Care (NIC) to determine its […]

Developer McCaffery Interests Enters Senior Housing with New Solera Venture

A prominent name in real estate development is creating its first senior living projects, partnering with Solera Senior Living on a pipeline in the mid-Atlantic region of the U.S. The Denver-based senior living operator is partnering with Chicago-based McCaffery Interests on Modena Reserve at Kensington, a 135-unit community with independent living, assisted living and memory […]