The current Baby Boomer generation reaching retirement feels younger, will live longer and demands meaningful activities and experiences in a Retirement Home as they leave their careers and active social life behind them. They are still healthy, but their physical stamina has changed and requires some assistance or service. There are currently 78 million Baby Boomers in the U.S. and 8000 turn 65 everyday. They expect better housing and amenities in their first entry into an Assisted Living or Independent Living facility, even though eventually they require the same medical care & services as generations before them.
ASSISTED LIVING, INDEPENDENT LIVING, SKILLED NURSING FACILITIES MEET BABY BOOMERS DEMAND
Owner/operators must meet the demands of this “back to the dorm” crowd and compete for their considerable buying power. Not only do they need to invest in technologies that insure life safety but also in technologies that insure life quality. These new technologies will emphasize life style and wellness. Owner/operators must adapt also to the current aging generation’s demand for diversity. When first entering retirement the Boomer generation does not want to co-mingle with just Seniors. They prefer to live in a community of diverse ages, allowing them to co-mingle with all ages: youth, middle age, and older. To meet this demand, Community Care Retirement Community Developers are building their Independent Living Facilities and 55+ communities close to developments, which incorporate all ages.
Whether building a new community or adding to an established one, retirement facilities feature
- Neighborhoods for 55 plus
- Neighborhoods for single families within blocks
- Apartment complexes in another sector
- Community areas for all ages (Parks, stores, recreation areas etc.)
Assisted Living and Skilled Nursing facilities are often found in the neighboring location completing the Continuing Care Retirement Community concept.
RESTRUCTURING OF BANKRUPT FACILITIES TO MEET THE NEW “BOOMER” DEMAND
Purchasing a troubled facility that has declared Bankruptcy in Chapter 11 creates an opportunity for the owner to restructure the facility to meet the new demands of the culture and the demands of the emerging Boomer generation. Improving the physical plant, adding amenities, services and new technology must be addressed in the restructure with emphasis on life style and wellness.
For counsel, acquisition or disposition of a Healthcare Facility you please contact Shep Roylance of JCH Consulting Group and Roylance Senior Housing, whose expertise and knowledge will guide you through a successful transaction in or out of Bankruptcy.
Shep Roylance – Roylance Senior Housing, JCH Consulting Group
Direct 805-633-4649 Cell 818 515-0530 Fax 805 392-5171 Email Shepshep@shepjch.cch
