Vi President: High Senior Living Construction Costs Present ‘Great Time to Lock Up Land’

This article is a part of your SHN+ membership

It seemed likely last year that a return to the rental market was at hand for Chicago-based senior living operator Vi. Then, high construction costs pushed the company to put those plans on hold.

But President Gary Smith is not despairing or looking for a backup plan. Instead, he believes the company was fortunate that it did not move forward with its plans given where construction costs are at the beginning of 2023.

.memberful-global-teaser-content p:last-child{
-webkit-mask-image: linear-gradient(180deg, #000 0%, transparent);
mask-image: linear-gradient(180deg, #000 0%, transparent);
}

function memberfulTrackingData(parameters) {
const queryString = window.location.search;
const urlParams = new URLSearchParams(queryString);
const utm_source = urlParams.get(‘utm_source’) || “”;
const utm_medium = urlParams.get(‘utm_medium’) || “”;
const utm_campaign = urlParams.get(‘utm_campaign’) || “”;
parameters.pageTitle = document.title;
parameters.utm_source=utm_source;
parameters.utm_medium=utm_medium;
parameters.utm_campaign = utm_campaign;
return parameters;
}