Executives from healthcare real estate investment trusts Ventas and Welltower said this week they are shifting more of their portfolios to senior housing assets amid continued strong demand, but one REIT said rents largely aren't supporting the high costs of new senior living construction.
As calls to produce more housing grow, New York Gov. Kathy Hochul's proposed changes to the State Environmental Quality Review Act would streamline real estate development and eliminate potential roadblocks for many projects, according to land use attorneys.
In the span of two days in mid-March, the U.S. Senate passed an affordable housing bill and President Donald Trump signed a pair of executive orders aimed at making housing more affordable and spurring more construction, as lawyers keep close tabs on how those developments may affect prices, rates and construction starts.