There have been several stories in the news about continuing care retirement communities (CCRCs) landing in bankruptcy court to file for Chapter 11 protection and citing the economy as a reason for low censuses, but it’s possible the segment now has nowhere to go but up, the National Real Estate Investor reports. Bankruptcies in the [...]
The aging in place movement keeps growing, and so is the market for remodeling that enables people to remain in their homes as they get older, according to the National Association of Home Builders (NAHB). Certified aging-in-place specialists (CAPS) along with AARP representatives discussed the evolution of the aging in place market as the movement [...]
Liberty Senior Living to Build $35 Million Senior Community Liberty Senior Living, one of the Liberty Healthcare Companies, is planning a $35 to $40 million retirement community in Ballantyne, S.C., to be called Brightmore of South Charlotte. Construction will begin by June 1, with move-ins to rental units expected by Fall 2013, and completion targeted [...]
It’s becoming more and more difficult for seniors to find affordable housing, and retirement communities with high entrance fees aren’t viable options for many seniors. The Chicago Tribune reports: Often living on fixed incomes, many seniors need an affordable apartment. But the demand for decent, low-cost places far exceeds the supply. The recent housing slump [...]
Christian Care Communities Building $30 Million Senior Facility in Kentucky Christian Care Communities, based in Louisville, Ky., and Lexington real estate developer The Joseph Group recently broke ground on Ashgrove Woods, a $30 million senior living community in Nicholasville, Ky. Studio A Architecture is the architect for the development, which will include adult day care, [...]
When various types of buildings end up vacant and in disuse, sometimes the next logical step is to repurpose them for senior housing, especially as the nation’s senior demographic grows at a rapid pace. Old hospitals, hotels, and schools are probably the three most common types of buildings that can be converted into an assisted [...]
In a development climate that is still plagued with limited credit and sometimes-unconventional financing, some senior housing developers are starting to look into individual projects that combine public benefits and private capital for a mutually-favorable deal. The deals often present solutions that result in senior housing developments or rehabs, but they can require the participation [...]
Belmont Village Senior Living Breaks Ground in Dallas, Texas Belmont Village Senior Living broke ground in January for Belmont Village Turtle Creek, scheduled to open in Summer 2013. The senior living community will feature 201 private independent and assisted living units, as well as Alzheimer’s care, in a French-provincial style mid-rise building building that will house [...]
A recent article from the U.S. News: Money blog discusses the growing recognition of the aging-in-place movement, along with all the roadblocks it’s enduring as most cities and metropolitan areas aren’t designed with seniors in mind. Although it’s been common for seniors to move to warmer regions when they retire, trailing home values that are [...]
