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Players flock to Texas senior housing boomPlayers flock to Texas senior housing boomhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=58912013-10-30T14:41:00Z2013-10-29T00:00:00Z

TEXAS - With construction and development reemerging in the senior housing sector around the nation, one area that is experiencing a higher rate of development is Texas.

The state’s demographics with highly populated metros including Dallas, Houston and San Antonio, have led operators, including new entrants, to seek opportunities within the Lone Star State.

Occupancy levels are holding steady at 86 percent across the southwest region, compared to a national average of 89 percent, according to the National Investment Center for the Seniors Housing and Care Industry.

Rent growth, however, is outpacing the national aggregate at 1.8 percent as marked in third quarter 2013, 3 basis points above the national average 1.5 percent.

Yet construction levels are high versus the national average. Particularly in assisted-living development, new construction far outweighs inventory.

In the Houston area, 1,072 assisted-living units are under construction, or 19.2 percent construction versus inventory.

In Austin, 528 units are being constructed, or 28 percent construction versus inventory. Those figures compare with the national average 5.2 percent.

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