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 […]
The senior living industry could be in need of over 200,000 new units by 2025, a figure that at current construction rates, remains out of reach presently. That projection comes from a recent article by the National Investment Center for Seniors Housing and Care (NIC) that highlights the impending gap between new development and impending […]
The number of new senior living community construction starts is likely to reach a low point in 2024 not seen since the start of the Covid-19 pandemic. According to a Dec. 21 analysis from NIC, “mid- or late-2024 [is] the most likely period for senior housing construction starts to reach their lowest point.” Additionally, the […]
Liberty Senior Living is testing a new and unique ownership structure at a new development in the Charleston, South Carolina area. The company is underway in the design and development of its latest luxury life plan community, The Peninsula at Charleston, which is slated for a 13-acre neighborhood district called Courier Square. Amenities will include […]
