High Cost of Living in U.S. Drives American Retirees Abroad

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 […]

Opportunity Abroad: Developing the Senior Living Sector in India

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 […]

Senior Housing Shortage Crisis in the UK, Government Must Act

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 […]

Senior In Home Care Franchise Expands Into China

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 […]

Nexus Healthcare Set to Launch REIT in UK, Build £1bn Portfolio

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 […]

U.S. Senior Living Firm CRSA to Develop and Manage Communities in China

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 To Acquire Two Ontario Retirement Communities

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 […]