The good news is that the markets with the most new construction will be able to handle the resultant vacancy challenge. The bad news…well, according to Marcus & Millichap’s Adam Lewis, there isn’t any.
EAH Housing and the City of Santa Monica expect the 58-unit community to be completed in late 2023.
The firm sold $1.3 billion of senior housing and long-term care facilities between January and July of this year.
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