Senior Housing Construction
Sacred Heart taps DBS Group for expansion, renovation
Sacred Heart Care Center in Austin, Minnesota, has contracted with DBS Group to expand and renovate its senior housing community. The project includes several building expansions for its skilled nursing, adult daycare, and chapel spaces, as well as the renovation of 20,000 square feet of existing space and improvements to two acres of the site.…
Placemaking sets the pace in senior living communities
Today’s designers and builders connect seniors (and staff) to their environments The concept of placemaking, creating better cities to live in by pulling from a community’s resources and values, dates back to the 1960s. Though the concept itself is 60+ years old, these days, its focus is turning to people who are 60+, specifically, how…
Looking to build trust and satisfaction among senior living residents?
Focus on adding value through meaningful, unexpected experiences. When it comes to attracting and retaining senior living residents, whether you own or operate an active independent living community, an assisted living community, memory care or other type of senior housing, ensuring residents are satisfied and feel a sense of trust is essential. To those of…
Senior housing trends: The age of opportunity
Rising demand and tight supply are shaping senior living development The senior housing industry in 2025 is positioned for significant growth, driven by surging demand from an aging population and recovering market fundamentals. Occupancy rates are projected to reach 88% by the end of the year, up from 87% in 2024, reflecting steady absorption as…
More positive tailwinds for real estate investments in 2025
Investment opportunity indicators strong for multifamily housing and senior living Investors considering opportunities in real estate this year, including the multifamily housing and senior living sectors, have reason for optimism. Numerous positive tailwinds suggest great potential for an upturn in real estate as the industry anticipates improving financing conditions, surging demand, and continued supply shortfalls.…
2025 Senior Housing Trends: The Age of Opportunity
Senior housing trends to watch One of the most notable senior housing trends centers around demand, and it is about to skyrocket. Driven by surging demand from an aging population and recovering market fundamentals, NIC MAP Vision pegs the sector’s growth rate at 4%. Additionally, occupancy rates are projected to reach 88% by the end…
Minnesota Budget Proposal Raises Concerns Among Senior Care Advocates
Proposal could have implications for long-term care providers Minnesota Governor Tim Walz’s budget proposal is raising concern among senior care providers and advocates. Proponents say the budget proposal announced late last week aims to close tax loopholes, cut sales taxes and curb spending growth on the biggest drivers of escalating costs. But senior care and…
Senior housing development shortfall looms large
Opportunity knocks for investors in senior living construction Senior housing in the United States is rapidly approaching a critical shortage, industry insiders warn, and that’s good news for investors. While the demand may be of concern for those considering moving into a senior living development in the coming years, for those interested in expanding their…
Senior housing indicators looking up
In the senior housing sector, cap rates are dropping and rents are rising. Investment opportunities in the senior housing sector are rising in tandem with rising rents and dropping cap rates. That’s according to the recent CBRE Senior Housing & Care Investor Survey. The 2024 edition of the survey is the organization’s 14th polling of…
New assistive tech means opportunity for senior living operators
Report: seniors use and value assistive tech now more than ever According to a U.S. News & World Report survey, assistive technologies are increasingly becoming a part of daily life for seniors, who are leveraging these technologies to help them age in place. This is good news for senior living operators on several levels and…