Senior Housing Construction Boom Could Go Bust in Lease-Up Phase

The senior housing industry’s cyclical nature means it’s a matter of when, not if, the sector eventually gets overbuilt, and the biggest danger is in the lease-up phase—especially if there are several new developments in the same market. “In certain submarkets and certain product types, it will be overbuilt,” said Jeff Kraus, managing director of […]

In the Pipeline: Senior Housing Construction Projects (10/24/12)

Construction: Planned Tenn. Life Care Services Community Plans $9 Million Expansion The Heritage at Brentwood, a Life Care Services community in Tennessee, is planning a $9 million expansion of Somerfield Health Center to accommodate the needs of the community’s growing population and enhance the continuum of care available to residents of the independent senior living community […]

In the Pipeline: Senior Housing Construction Projects (7/11/2012)

Construction: In the Process Nor-Son Breaks Ground on New $3.65 million Minn. Assisted Living Facility Bridges Care, part of the Benedictine Health System, recently broke ground on a $3.65 million assisted living facility in Ada, Minn., with construction firm Nor-Sun as general contractor.  The new, 26,000-square-foot assisted living community will be attached to the current […]