By: Omar Zahraoui | February 15, 2024
Amid favorable supply and demand market dynamics, 2024 presents a golden opportunity for senior housing communities to bolster occupancy rates and drive operational growth, thereby mitigating some of the challenges posed by capital market conditions.
Market Trends | Senior Housing
By: Omar Zahraoui | January 17, 2024
2024 will mark the end of a three-year pandemic occupancy recovery, paving the way for 2025 to be a year focused on proactive initiatives, efficiency developments, and a forward-looking approach.
Market Trends | NIC MAP Vision | Senior Housing
By: Omar Zahraoui | December 21, 2023
The tendency of stability is to breed stability.
Business Environment | Market Trends | NIC MAP Vision | Senior Housing
By: Omar Zahraoui | December 18, 2023
The construction of senior housing communities has faced a myriad of challenges in recent years, evidenced by a marked decline in construction starts and extended construction durations. These challenges have been apparent since the onset of the COVID-19 pandemic, and have been further compounded by labor shortages, a lack of building materials, and inflation. Additionally, the quick and large rise in interest rates orchestrated by the Federal Reserve has led to higher construction financing costs, limited availability of debt, and increased development costs. These combined factors have prolonged the time it takes to bring a senior housing project from the planning stages to the construction phase and eventually to its final delivery and eventual opening.
