HOUSTON-The National Investment Center for the Seniors Housing & Care Industry's numbers are out and show that, as of Q2 2013, construction as a percent of existing inventory among assisted living properties was 4.9%. This marks 100 basis points above its previous cyclical peak.
And, as it has in other categories, Houston took top honors in this construction activity, with 1,141 units being built. According to NIC, this represents 21% of its existing inventory. Other metro markets seeing increased pipeline activity include Denver, Dallas, San Antonio and Phoenix.
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