5 Types of Senior Care Facilities

There is no denying that many Americans are getting older and now more than 46 million Americans are over the age of 65, and this number is expected to double over the next 25 years. Due to this, families, health care providers, and patients are having to adapt to managing chronic health conditions, accessibility and good quality of life and are moving into various senior care facilities. Want to learn more about the different types of senior care facilities that would be lucrative for your next investment? Here are 5 facility types to consider. Click To Tweet

What Types of Senior Care Facilities Can be Great Investments?

If you are looking to move into commercial real estate investing, senior care facilities

  1. Assisted Living Homes
  2. Independent Living Communities
  3. Memory Care Centers
  4. Senior Apartments
  5. Nursing Homes

1) Assisted Living Homes

Assisted Living is a senior living option which offers apartment-style housing, and is designed for individuals who require assistance with everyday activities such as meals, medication management, bathing, dressing, and transportation.  

2) Independent Living Communities

Independent living is designed to enable independent seniors to enjoy an active lifestyle in a community of their peers. They are usually set up in freestanding homes or condominium style housing. In many instances, independent living facilities provide optional private duty services for care.

3) Memory Care Centers

Memory care reaches beyond the realm of traditional assisted living care. While many of the services are the same, memory care offers additional assistance with daily living in a secure environment that is specifically designed for those who have dementia or Alzheimer’s.

ProTip: When investing in senior care facilities, memory care is an emerging sector in which residents are able to enjoy life in a calm, peaceful setting where both the physical environment and all activities are geared towards individuals with Alzheimer’s or dementia.

4) Seniors Apartments

Senior apartments are geared toward active seniors over the age of 55 who are looking for a low-maintenance lifestyle. They typically feature amenities like golf courses, swimming pools, and fitness centers. They do not include personal care services and usually charge fees to cover landscaping services, utilities, home maintenance, and security.

5) Nursing Homes

Nursing homes are an option for seniors who need around-the-clock skilled nursing care. They usually have shared bedrooms with other residents, and may include short term rehabilitative care. Many times Medicare and Medicaid help pay for services.

Senior Living Property Management Services

One of the best ways to help keep your senior living facility thriving and vibrant is to enlist the assistance of a senior living management service. They can help streamline operations, reinvigorate marketing strategies, increase occupancy rates, and improve quality of life for residents.

Looking to invest in a senior care facility? Join the conversation to learn more about the differences between various senior housing options.

Benefits of a Property Manager in Your Commercial Investments

Whether you own a shopping center, apartment building, or any other commercial property, your investment can benefit from working with a property management team. A professional property management service s equipped to facilitate all aspects of your commercial property from accounting services to construction management and daily building maintenance. They are there to help streamline your operation and maximize profit. Struggling with juggling all the ins and outs of your commercial property investment? Here are 5 reasons you need a property manager to help assist you in your business strategy. Click To Tweet

How Can Your Company Benefit From Property Management Services?

From accounting services to construction management and daily building maintenance, utilizing a commercial property management team can help you streamline your operation to maximize profit. Here are five ways your commercial property can thrive by using a property management service.

  1. Leasing Services
  2. Facility Management
  3. Accounting Services
  4. Shopping Center Specialist
  5. Construction Management

1) Leasing Services

One of the top reasons to utilize a commercial property management service is so you can attract and keep more tenants in your property. With a knowledgable team on your side, they can help you target qualified prospects and also assist in advertising, lease negotiations and document preparation, as well as overseeing leasehold improvements.

2) Facility Management

A professional facility management team can help you develop strategic management plans that will assist you in maximizing profit, improving the overall aesthetic appeal of the property, control operating costs, oversee daily operations, and increasing productivity.

ProTip: By leveraging specialized facility management techniques, you can advance the effectiveness, profitability, and success of your business.

3) Accounting Services

There are so many aspects of running and maintaining a commercial property and accounting plays a large role. Don’t let this tedious tasks take you away from other important roles and let accounting experts take care of all financial transactions related to your multifamily or commercial property. Receive timely and accurate financial reports with clear descriptions and detailed spreadsheets each month to provide you with the status of your investment performance.

4) Shopping Center Specialist

If owning a shopping center is part of your commercial investment portfolio, hiring a successful retail management team supports you with detailed market analysis, area demographics, lease economic analysis, advertising, marketing programs, and hands-on lease negotiations.

5) Construction Management

When it comes to updating or making improvements to your commercial investment, superior construction management is critical to the success of commercial and multifamily projects. Let a professional group supervise and support you in every step of the design and construction process to ensure that it meets your specifications, budget and scheduling expectations.

Commercial Property Management: The Key to Continued Success

No two property owners or commercial properties are identical, that’s why using a knowledgable property manager is imperative to help you succeed. With the right group, you can custom tailor property management solutions to suit your unique needs.

Join the conversation to speak with our team about our commercial property management solutions.