In recent years, Boston has already successfully soaked up several waves of new apartment construction. The number of vacant apartments has crept higher, especially for luxury units, but rents continue to grow and are expected to move higher still.
The clock is ticking down for the seniors housing industry to start addressing the needs of middle-income seniors, who may not have enough funds to afford seniors housing facilities by themselves and may not qualify for assistance from the federal government. The National Investment Center for Seniors Housing & Care Industry (NIC) will release one of its first studies on that demographic, which NIC researchers call “the forgotten middle,” in April.
CIM Group bought the management and license agreement for the 46-story hotel from President Trump’s family business, after buying the hotel out of foreclosure in 2014.
Oregon aims to become the first state to cap apartment rent increases, reports The New York Times. Forbes looks at why more women should become real estate investors. These are among today’s must reads from around the commercial real estate industry.
