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 […]
Category: Construction
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 […]
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 […]
As more independent living and assisted living providers and investors are moving into active adult housing for the first time, one of the largest and most well-established brands in the space is expanding and adapting for an evolving consumer base. Del Webb is planning to open 10 new communities in the next 18 months, in […]
Elder care innovator Dr. Bill Thomas has good news and bad news for the senior living industry. The good news is, large-scale senior housing developments won’t go away anytime soon, and they can be financially lucrative if done right. The bad news: it’s not what most older adults in the U.S. can pay for, and […]
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 […]
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 […]
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 […]