In the real estate industry, senior housing is known as “recession proof. It is the only commercial real estate sector that not only survives, but experiences positive growth during down economic periods.
Currently fueled in large part by the aging Baby Boomer generation, the population of American adults aged 65 and older is expected to double by 2050. With so many new adults entering the senior housing market it is currently considered, and is poised to continue to be, a smart and safe commercial real estate investment.
As market demand shows no signs of stopping, senior housing is an investment that should be a part of any high-performing portfolio. To help investors reach their goals it’s important they understand the differences between the many senior housing property types. With so many care solutions out there, find below an overview of the property types currently available in the United States.
Types of Senior Housing Properties
Independent living communities are geared towards seniors who live an independent life with few medical issues to care for. In these types of communities residents live in fully equipped private apartments or condos and have access to dining facilities, hospitality services, entertainment, and medical care/assistance when needed.
Independent living communities are also referred to as:
- Retirement Communities
- 55+ Communities
- Senior Apartments
- Continuing Care Retirement Community
Assisted living senior housing communities cater to seniors who are not able to independently take care of themselves safely, but do not require the acute level of care provided at a nursing home. In these communities residents live in private apartments or condos and receive regular assistance with medications, daily activities, meals, housekeeping and transportation. Most assisted living communities provide 24-hour staff availability as well as licensed nursing services.
Assisted living communities are also referred to as:
- Assisted Care Communities
- Personal Care Home
- Dementia Care
- Memory Care
Nursing homes are senior housing facilities that provide 24/7 skilled nursing care to seniors who cannot take care of themselves and require an acute level of assistance and medical care. In these facilities residents typically do not have private rooms but rather live in shared hospital-like rooms and have access to central dining. Nursing homes provide both short-term care (rehabilitation from illness, injury or surgery) and long-term care (complex medical conditions requiring routine nursing care).
Nursing home are also known as:
- Skilled Nursing Facilities
- Convalescent Care
- Long Term Care Facility
- Nursing Center
Looking to Invest in Senior Housing in Metropolitan Milwaukee Markets?
If you have been thinking about a senior housing investment in and around the metropolitan Milwaukee market, please give us a call to discuss. The team at SVN | Hintze Commercial Real Estate is well versed on the complicated world of healthcare real estate and can help navigate the nuanced brokerage process. Whether acquiring or disposing a senior housing asset, our team works tirelessly to ensure optimal client outcomes. We strive to realize the highest return possible and would love to help you reach your investment goals. Contact us today!