Senior Housing News April 24, 2024
Senior living developers are awaiting changes in the capital markets before starting new builds as new construction starts potentially bottom out in the coming months.
Some developers are spending their time in other industries, such as multifamily, or have slowed down to prepare to start work as soon as the capital markets begin to shift.
For some companies, such as Ryan Companies, the past 12 months have proven more difficult than in the past. At the Minneapolis, Minnesota-based company’s highest point in 2021, it had moved forward on eight projects, according to Ryan Cos. Executive Vice President of Senior Living Julie Ferguson.
“Last year, we started in one, and that was really a function of the capital markets really not...
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