Senior housing developments have been a
popular conversation within the commercial real estate business.
As the life expectancy of seniors keeps
getting older and older, the growing elderly population faced a serious housing
crisis in 2019. The 80+ population skyrocketed before CRE could keep up. And
when it finally did, there was a lot of work to do.
In order to accommodate today’s aging population, senior housing developments were a serious need. Even though investor demand started off slow, the sudden boom motivated commercial real estate developers and investors to take action and begin making moves.
With more CRE pros jumping on the senior
housing market opportunities, the competition went from 0 to 100 in no time. As
a result, an amenity-war has broken out - but it’s unlike anything you’ve ever
seen before.
Let’s look at these 4 senior housing trends
that are redesigning the senior housing module in 2020 and beyond:
In-House
Medical Services
Seniors living longer means they need advanced
(and oftentimes continuous) medical care. In order to meet this common resident
need, medical spaces are being built into the new senior communities.
This makes it easy and convenient for seniors
to get the medical care and attention they need without having to travel for
appointments. In the case of an emergency, having a trained medical staff
on-site helps address issues as soon as possible. This is providing senior
residents with comfort, security, and assurance that they’re fully taken care
of.
Fully-Trained
Staff
Senior development staff members are blurring
the lines between caretakers, nurses, and companions. Instead, they are
embodying all of those roles - not just one of them. Trained professionals are
key to building a winning senior housing team.
New developments need to make sure that
they’re hiring compassionate, educated, and experienced members who have
undergone the necessary training.
Including
All the Comforts of Home
Don’t be mistaken - contemporary senior
housing communities are not old-fashioned nursing homes.
Just because seniors have left their previous
homes doesn’t mean they have to give up the comforts of independent living.
Senior living communities are filled with winning amenities such as
entertainment systems, gorgeous interiors, lush landscaping, walking areas,
delicious dining, and more.
2020’s senior developments are helping seniors
to live their best lives at an affordable rate - all while they’re fully taken
care of.
Don’t
Forget About Luxury
Developers are not forgetting to include
luxury onto their list of necessities.
Whether it’s ultra-luxe experiences like spas
and specialty classes, or top-tier technologies like Smart Security and digital
automation tools; there is certainly no lack of luxury in 2020’s senior housing
communities.
Luxuries like these are making life easier for
residents. They don’t have to worry about the difficult list of homeowners’
responsibilities. Instead, almost everything can be accomplished with the click
of a button. This provides senior residents with more time to do what they
love.
These 4 trends are changing the spaces of
CRE’s senior housing properties. Make sure you’re watching these trends as the
experts expect them to continue making their mark on senior developments in the
future.
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