With new construction starts near record lows due to the state of capital markets and the cost of materials, senior housing operators – including Atria Senior Living and Presbyterian Homes & Services – are being strategic about how to renovate, reposition and expand. Along with these struggles related to costs, cities and municipalities have been […]
A mixed-use development in the Pacific Northwest will include a senior living community, pairing the site with an athletic club and public-facing amenities. The development, known as Hyas Point in Washougal, Washington, is being led by Portland, Oregon-based RKm Development, with the senior living component and athletic club being part of a “multi-generational, mixed-use, integrated […]
The cost of building a senior living community is still rising in 2024, but there are some reasons to be optimistic about the road ahead. That’s according to the latest Senior Living Construction Costs report from Weitz Company. Constructing a mid-level independent living unit in the summer of 2024 ranges from $237 to $284 per […]
As senior living operators look to serve a future generation of older adults, they are in turn designing communities to go bigger on themes such as luxury, wellness, and intergenerational connectivity. Operators, designers and developers are looking to designs with open-kitchen concepts, high-end finishes and biophilic design to keep their communities attractive and full in […]
This article is part of your SHN+ subscription Editor’s note: The upcoming Senior Housing News ReBUILD conference will feature many more great insights into the development landscape. Check out the agenda and purchase tickets here. While the pulse of senior living development may have slowed in the last four years, recent plans and projects underway […]
A new NIC MAP Vision report has good news and bad news for the senior living industry. The good news is that current penetration and unit absorption rates show the industry is on track to hit 90% average occupancy by 2026. Beyond that, demand is only expected to continue to increase as the baby boomers […]
The industry has seen a low number of new construction starts in the last couple of years. While that has been a boon for short-term occupancy rates, long-term it could present a problem. In 2024, there are many old and aging senior living communities on the market that will need to be upgraded or taken […]
Senior living developers are awaiting changes in the capital markets before starting new builds as new construction starts potentially bottom out in the coming months. Some developers are spending their time in other industries, such as multifamily, or have slowed down to prepare to start work as soon as the capital markets begin to shift. […]
A charitable organization that offers assistance to people in the movie and TV industries has sold land to a developer in Los Angeles with plans for a new senior living community. The Motion Picture and Television Fund (MPTF) recently sold a 19-acre property on the storied Mulholland Drive to the California Commercial Investment Group for […]
This article is available as part of your SHN+ membership Nineteen leaders of senior living operators contributed their thoughts to our annual “Executive Forecast” articles, which we published last week. These execs provided valuable insights into what lies ahead for senior living over the next 12 months. Their responses covered a wide range of issues […]
