“Financing Senior Living Developments in 2019 – Underwriting is Key,” Senior Living News
In an article published on September 30, 2019, Emily Taube provides insight regarding the current lending environment, and tips for financing senior living developments.
According to the U.S. Census Bureau, the population of Americans 65-and-over is projected to nearly double over the next 30 years – moreover, survivorship rates for not only the Baby Boomers, but for the general population, have shown consistent improvement for several decades.
As a result, the seniors living and care industry is experiencing a rebirth. As Baby Boomers begin to retire, the expectations of aging are being redefined, in that more is expected from retirement and the lifestyle that accompanies this phase of life.
“In response, senior living communities are upgrading existing facilities, expanding the care offered at the facilities and developing new active, vibrant and in many instances, “high-tech” living environments to keep pace with the expectations of the resident base,” details Taube.
However, such upgrades come at a high cost, she explains. Both traditional and alternative forms of financing and investment opportunities are on the rise, and it is important to focus the health of the senior housing industry and its effect on the lending environment.
The full article may be accessed here.