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 […]

Skender, IKEA Initiatives Bring Promise of Prefab Senior Housing Closer to Reality

Large players such as Skender and IKEA are betting that prefab building practices can help meet the rising demand for senior housing. Chicago-based Skender has morphed in the past 18 months from a general contractor to a vertically integrated manufacturer of prefabricated modular building components for multifamily, senior housing, health care and commercial buildings. The […]

Best Affordable Housing Design of 2018: An Experiment in Communal Living

The affordable housing crisis in America may be most acute in senior living. As a result, developers are looking at avenues to build affordable senior housing without government subsidies that bring a sense of luxury and comfort to residents, while instilling a renewed sense of dignity. The challenge is likely to become even more acute […]

Tariffs, Labor Drive Senior Housing Construction Costs Up 6% to 8%

Senior housing construction costs have surged between 6% and 8% over the last year for various types of projects, driven by labor market dynamics and new tariffs on materials such as steel and aluminum. For a mid-level assisted living project, Winter 2019 costs are generally ranging between $180 and $233 per gross square foot, according […]

Welltower CEO: Health Care Replacing Retail as Anchor of Mixed-Use Developments

With the pursuit of wellness becoming pervasive not only in senior housing but for people of all ages, health care-related buildings are replacing retail locations as the anchors of mixed-used real estate developments — and Welltower (NYSE: WELL) is pursuing projects to accelerate this trend. “Twenty-five years ago, if you said to someone, why don’t […]