The road to future senior living development is paved with uncertainty, but the industry could be nearing a “crisis point” in the coming years if operators and capital partners aren’t able to pencil out new projects as demand remains strong over the next two years…From creative solutions in tertiary and secondary markets to potential opportunities for development through prefabricated construction, senior living companies seeking new development growth must get creative if they want to meet the future demand at the industry’s doorstep.
Read the full article by Senior Housing News Here:

At the start of 2025, senior living companies are ready to hit the ground running with new development and construction projects. Lenders are not. The senior living industry is currently in a “transitional phase” for new development, NIC Senior Principal Omar Zahraoui told Senior Housing News earlier this month. New permanent loan volume for senior living “rebounded to its highest level since 2020” in the second quarter last year, while construction loan lending saw a modest uptick in that time.  Although Zahraoui is cautiously optimistic about the road ahead with regard to lending, current conditions in construction lending and costs suggest that a big development rebound is out of reach in 2025.
That said, operators are still looking to press go on construction and acquisition funding, and are working to entice investors to come off the sidelines.  The U.S. Federal Reserve cut interest rates three times in 2024, which Levy said led to meaningful improvement in companies’ ability to get new loans. The senior living industry has grappled with a wall of debt maturities in recent years. In 2025, the senior living industry faces $10 billion in loan maturities, according to data cited by NIC. To that end, senior living companies still have a long road to tread.  Debt capital is available but is both harder to get and more expensive, which Levy believes will likely lead to more all-cash transactions throughout the remainder of the year. He said that he doesn’t think construction lending will pick up without a “lower rate environment” that would make those projects a more attractive use of capital for banks.  Read the full article here:  
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The San Francisco Bay Area has been selected to host NBA All-Star 2025.  The 74th NBA All-Star Game will take place at the Chase Center, home of the Golden State Warriors. If you happen to be in the Bay Area this week for the NBA All-Star festivities, be sure to check out SPLASH at Thrive City, which is newest addition surrounding Chase Center and is redefining the game-day experience with an unparalleled fusion of sports, social and culinary delights.    
 
The 2025 NBA All-Star game will mark the first time that the event has been held at Chase Center, which opened in 2019.  Additional signature events will take place throughout the Bay Area, including at Moscone Convention Center, Oakland Arena and the Warriors’ Oakland facility.  The Warriors previously hosted NBA All-Star in the Bay Area in 2000 at Oakland Arena in Oakland and in 1967 at the Cow Palace in Daly City. 
​Find out more about this weeks’ events here:  https://www.nba.com/news/nba-all-star-faq-2025

Another look at the Senior Living sector shows that Senior living is in the midst of a major transformation, and seven major trends have emerged as key drivers of the strategic plans adopted by boards across the country.
Those trends will shape the way organizations position themselves for the future to capture a new customer base in 2025 and beyond. Read the full list of trends from McKnight’s Senior Living Here!

Defined by evolving market dynamics, shifting economic conditions and surging demand, the senior housing sector is set for a year of growth in 2025.  Investor activity will largely center on stabilized or near-stabilized properties in major metro areas in first- or second-tier metropolitan markets, according to JLL Senior Managing Director & Co-Head of the Senior Housing Capital Markets team Rick Swartz.  While traditional coastal markets will also remain popular, there will be a growing interest in well-performing properties in secondary cities, experts agree. High-quality assets in traditionally second-tier markets have been garnering strong interest among investors, particularly if their good performance has been sustained for a substantial period of time. 
Read the full article from Multi-Housing News here: https://www.multihousingnews.com/senior-living-trends/
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Recently completed renovations at the #1 Resort in Jackson Hole, Wyoming - Hotel Terra are going to be ready just in time for the ski season! The renovated rooms and suites feature stylish finishes, luxurious comforts, and focus on an efficient use of space redesigned for more room to unwind and relax.  Experience this winter wonderland and enjoy exhilarating outdoor activities like winter wildlife safaris, snowmobiling, and sleigh rides.
​Don’t miss out—plan your unforgettable Jackson Hole winter getaway now!  www.hotelterrajacksonhole.com  
Cheers to a fantastic ski season! 🎿❄️

​It’s always great to get the team together!  We had a great week of leadership training, team meetings and overall team building in Chicago.  As we prepare for the year ahead we are always brainstorming ways to help our Allied Partners.  For an added bonus we stopped into Madison, Wisconsin over the weekend to watch some football and cheer on the Oregon Ducks as they took on the Wisconsin Badgers! 
​Cheers to another great year of success and partnership!

On October 16th, Allied Partners was honored to attend the groundbreaking ceremony for "The Vista," an expansion to the University Retirement Community (URC) in Davis, California. The development is spearheaded by Pacific Retirement Services who develop, build, and operate retirement properties across the United States. This exciting development will see the addition of modern, spacious residences designed by HB Architects and interior design by Ankrom Moisan Architects, providing residents with an elevated lifestyle within the vibrant Davis community.  McLemore Development is providing development services, Allied Partners is the owner’s representative and RCP Construction is the general contractor.
 
The project consists of a 75,000 sf 4- story concrete building with 34 - 2-bedroom independent living apartments, 2 story parking structure and roof top garden and amenity deck.  To the north there will be 7-2-bedroom single story cottages.  For more information on the project see https://universityretirement.org/residences/the-vista-expansion/

​Thrive City has announced the addition of Splash at Thrive City, a 30,000 square foot sports bar that will offer fans a state-of-the-art sports viewing experience. A first of its kind in the Bay Area, the two-story space will feature four bars, an upscale food program, over 75 televisions including an 840 square foot curved LED wall, and multiple indoor and outdoor areas. Splash at Thrive City, which is set to open in early 2025, will be operated by Sidecar Hospitality.

Splash at Thrive City will provide sports fans a media-rich experience featuring the latest audiovisual technology, including the 840 square foot curved LED video wall. A video ticker wrapping around the ground level of the 20,000 square foot indoor area will feature scores and breaking news from around the sports industry. Whether indoor or outdoor, every seat will have a sightline to a screen. The bar’s sound system will surround guests with high-impact game audio centered around a DJ booth.

Read more about this amazing addition to the home of the Golden State Warriors HERE: https://lnkd.in/grZEmadd