Comments

  1. It's great to see the industry continuing to pursue lower cost alternative construction methods and building materials. Even though, as mentioned above, the banks may not give higher loan values due to lower utility costs, when it's time to sell the building in 5, 10 or 20+ years, the lower utility costs will give higher NOI (Net Operating Income).

    NOI is still the #1 driving factor to determine the selling price (value) of an operating property. So, lower utility costs compared to other properties for sale at the time, will yield higher prices for those owners who wisely spend on "green" construction.
    Chris Foley
    Sr. V.P.
    Equity National Seniors Housing Brokerage & Advisors
    cfoley@Equity.net

  2. Our research suggests that there are less than 30 environmentally friendly communities at this time. Those that are are generally using the fee-based CCRC model including Mirabella in Oregon as discussed in this article http://bit.ly/YcVdH.

    Last year Retirementhomes.com completed a research report on environmentally friendly communities that you can find at http://bit.ly/VGn8z8

    We believe that the trend towards "green" communities benefits the quality of life and health of senior residents while also improving the wallets of the communities that choose these construction methods.

  3. Thank you for sharing this piece of information, Jaclyn. I will consider these findings for future articles on green design in seniors housing.