Senior Housing News November 21, 2024
Charter Senior Living CEO Keven Bennema believes that 2025 could be the year that developers and operators kick into much higher gear with regard to new growth, and the company is readying itself accordingly.
For now, the senior living industry is still in a tougher spot with regard to new supply. A cross-current of a few trends have made growth via new development relatively hard and the time needed for opening a new project has grown in the last few years. According to recent NIC MAP Vision data, the senior living industry must develop communities 3.5 times faster than present day to meet demand by 2030.
That said, Bennema is optimistic about the road ahead in 2025, and he hopes...
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