4 Metros Where Strong Covid-19 Housing Markets Can Bolster Senior Living

Covid-19 has been an unexpected boon to the residential housing market. The resiliency of the market, which has seen home sales numbers and prices eclipse 2019 levels, is a positive trend for the senior living industry, given that people often sell their homes to pay for transitions into communities. Existing home sales increased for the […]

Inside the $200 Million Senior Living Highrise Reshaping Norfolk’s Skyline

While highrise senior living projects are grabbing headlines in major metropolitan areas such as New York City and Washington, D.C., the trend is also playing out in smaller cities around the country. One case in point is a 24-story continuing care retirement community (CCRC) expansion that recently topped out in Norfolk, becoming the tallest residential […]

Senior Housing Construction Outlook Clouded By Contractor Expenses, Capital Availability

The construction industry is in the midst of a fragmented recovery from the disruption caused by Covid-19, mirroring the general economy. Senior housing construction projects with financing in place before the coronavirus swept across the country in the spring are underway, while those announced during the outbreak struggle to secure financing, according to developers who […]

‘Granny Pods’ Have Increased the Most in These 5 Cities

Accessory dwelling units — which are sometimes used as a senior housing option — became much more commonplace across the United States between 1997 and 2019, with certain markets emerging as hotspots. In particular, cities in the South and West are prime locations for accessory dwelling units (ADUs), according to first-of-its-kind research from Freddie Mac. […]

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 […]