The Great Recession has left many older adults’ retirement portfolios in a state of eroded disarray, prompting thousands—perhaps millions—to look abroad for a more affordable cost of living in their later years, says The Wharton School of the University of Pennsylvania. In the aftermath of the global financial meltdown that ravaged 401(k) accounts and decimated […]
Category: International
Carrying a strong stigma in India where traditionally, families care for older members of society, senior living and care communities are beginning to take rise, the L.A. Times reports. Still far from senior living options in the U.S. and Canada, the demographic shift in India indicates the new trend may be a lasting one. The […]
India’s senior population is expected to grow 250% by 2050. This surge coupled with the country’s underdeveloped senior housing industry offers plentiful opportunities for providers looking to offer housing and related services for India’s older adults. The global aging phenomenon is opening doors of opportunity for the American senior living industry in multiple countries across […]
There’s an impending housing crisis in the UK, according to one British retirement home provider who recently wrote to members of Parliament to support a National Planning Policy Framework draft proposing to make vital changes to the planning system and address the senior housing crisis. The letter details McCarthy & Stone’s first-hand experience with how the […]
The Office for Budget Responsibility released a report this week that showed the UK may need additional austerity measures to combat the rising costs of healthcare and pensions for its 65+ population. The number of individuals over 65 is expected to account for nearly 26% of the country’s population by 2061 compared to 17% today. […]
Right at Home International, a franchise operator for senior home care and assistance expanded the Chinese market through a master franchise license agreement in Beijing, China. According to the company, it’s the first U.S. in home senior care franchise to move into China. “The potential for growth is tremendous,” according to Allen Hager, Right at Home […]
A new Real Estate Investment Trust (REIT) is being launched by Nexus Healthcare in the United Kingdom to acquire property occupied by elderly and specialist care providers reports the Financial Times. Run by entrepreneur Harry Hyman, the company already manages Primary Health Properties, but plans to launch the new company with a five year plan […]
The Blackstone Group is getting blasted by union representatives in the United Kingdom after one of its former investments, Southern Cross, finds itself in financial trouble reports the New York Times Dealbook. Southern Cross, which houses more than 31,000 elderly people, said this week that it would have to defer 30 percent of its rent […]
CRSA, a developer and manager of senior living communities announced an agreement with Guangdong Oursjia Retirement Communities Services Company, Ltd. of the People’s Republic of China (Oursjia) to develop and manage senior living communities across China on Tuesday. By 2020, the percentage of the Chinese population over the age of 65 is estimated to be at […]
Leisureworld Senior Care Corporation (TSX:LW) announced that it has agreed to acquire two luxury retirement residences for a total consideration of $94.8 million in Kingston and Kanata, Ontario. The two properties have a total of 294 suites and upon completion of the acquisition will rename the facilities to ‘The Royale’. The Royalton in Kanata, Ontario is […]
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