Capital is roaring into the senior living industry. Average occupancy has ticked up for the past three quarters. New construction is still relatively down from past years.
Senior living developers might view these conditions as green lights for new projects. And to that end, construction is indeed starting to ramp back up in many markets across the U.S., including a handful where starts of new projects exceeded pre-pandemic totals in the fourth quarter of 2021: Dallas; Portland, Oregon; Washington, D.C.; Miami and Orlando, Florida.
But the start of this new development cycle — after a sharp slowdown during the height of the Covid-19 pandemic — brings a whole host of new challenges that could make projects harder to pencil out and fill up.
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The post A New Senior Living Development Cycle Begins: Inside 2 Hot Markets appeared first on Senior Housing News.