Acquisitions made by Real Estate Investment Trusts over the last year have pushed transactions volumes in seniors housing to record levels in 2011. During the first half of the year, transaction volume reached $16.4 billion, 55% more than volume from 2008 to 2010 according to the National Investment Center for Seniors Housing & Care Industry. Looking …
The number of 65+ households is projected to increase by 35% in 2020 according to a recent Harvard University housing report. The Joint Center for Housing Studies (JCHS) says in The State of the Nation’s Housing Report that baby boomers will continue to have a huge effect on the housing market as they approach retirement age. “The …
A recent Sun Life Financial survey found that a growing number of Americans aged 50 and older are concerned about future long term care, Sun Life Financial Inc. recently revealed. This prompted the corporation to introduce Sun Care Whole Life (WL), which it describes as a single premium whole life insurance policy with a linked …
The decision by the Department of Housing and Urban Development to add additional staff to speed up the application process for its Section 232 program was welcomed by the senior housing industry, but the support didn’t come easily. In fact, obtaining the support of the agency has been a work in progress as far back as 2009.
Why is quality of care and home so important? There are several reasons for this. 1. You will be different than everyone else out there in the market 2. You will provide a place for the elderly people to live in that is truly worthy of them and a place where they can keep their …
The number of 65+ households is projected to increase by 35% in 2020 according to a recent Harvard University housing report. The Joint Center for Housing Studies (JCHS) says in The State of the Nation’s Housing Report that baby boomers will continue to have a huge effect on the housing market as they approach retirement …
The U.S. is getting old. American senior citizens will account for 20% of the nation’s total population by 2030, up from just 12.4% in 2000. By 2050, the number of Americans aged 85 and over could quintuple, to 21 million. That demographic tsunami presents a huge opportunity for entrepreneurs in the already swelling senior-living industry–which …
If you care about energy efficiency, the welfare of our senior citizens, equitable transportation services, jobs, or combating climate change, cities are the answer. Consider senior care. Over the past thirty years we have built thousands of senior housing and continuing care facilities in this country. Unfortunately, a significant proportion of those are located in …
The U.S. long term care market is expected to see steady growth in the coming years according to research from Kalorama Information. In 2005, the market’s value stood at $186 billion and has grown to $258 billion in 2010. For the next five years, growth will continue at annual rates of over 6%, resulting in a …
The cost of long-term care in California significantly exceeds national levels, but costs aren’t increasing as fast in the state as they are nationally, a new report shows. The median hourly rate for home health aides is $21 an hour in California and $19 per hour nationally, according to the 2011 Cost of Care Survey by Genworth …
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