Mar
02

Memory Care the Most Wanted Seniors Property Type

By

memory-careSpecialized facilities for memory care patients have been the most sought-after asset type for seniors property investors and developers for some time now, and they’ll likely remain at the top of the wish list in 2016, industry experts say.

Memory care facilities rose in prominence in the past three decades due to improved understanding and more sophisticated techniques in how to care for elderly patients suffering from dementia and other progressive brain disorders, particularly Alzheimer’s disease. Operators and developers have further specialized the properties, allowing for high-tech, dorm-style additions onto current or new assisted living complexes.

Respondents to Lancaster Pollard’s recently released Seniors Housing and Care Survey predict, by a wide margin, that memory-care-related facilities will see the most investment sales activity and development this year. The respondents expresses the same confidence in the property type in 2015.

“It’s definitely the most commonly wanted property,” says Steve Kennedy, a senior managing director with Lancaster, which provides financial advice and financing solutions for the seniors housing industry. “Clearly, the projected demographic trends support that it will remain popular for some time, though it’s hoped that there will be enough affordable properties built when the baby boomers begin needing that care.”

READ MORE HERE

Be Sociable, Share!
    Categories : National News

    Comments are closed.