The director of the National Institute on Aging describes evolving efforts to capture the intricacies of getting old, including through personality-related insights https://t.co/OjS5RV479l
— Harvard Medical School (@harvardmed) November 10, 2021
Tag Archives: Senior Living
U.S. Rankings: Best Places To Retire In 2022 – U.S. News
Infographic: ‘High-Tech Homes For Active Seniors’
Aging: ’80-Year Olds On Happiness In 2021′ (Video)
Does your grandparent hold the secret to a happier New Year? Because Americans over 80 years old report feeling happier than any other age group, we asked them to share their wisdom as 2021 begins during a time of challenge and uncertainty. These elders include cannabis comedian Tommy Chong, a psychologist, a transgender burlesque performer, and a 90-year-old nudist who lets it all hang out. Self-Evident: A PBS American Portrait Miniseries seeks to answer the question: what does it really mean to be an American today? Join our hosts — Dr. Ali Mattu, a licensed therapist and clinical psychologist and YouTuber behind “The Psych Show,” as well as Danielle Bainbridge, Ph.D., historian and the writer/creator of PBS’s “The Origin of Everything” — as they explore the lives of real Americans, living during this unprecedented moment in time.
Retirement: 53-Story “The Clare” Tower Sale Signals Booming “Senior Luxury Living” Sector In Chicago
From a The Real Deal online article:
A unit at the Clare costs an average one-time entrance fee of $800,000 or so, along with around $5,500 monthly fees. The entrance fee is refunded when a resident dies or moves out. Entrance fees at a typical senior living facility is around $369,000.
The 53-story Clare tower on Chicago’s Magnificent Mile has sold for $105 million, a sign that luxury senior living facilities hold huge upside in today’s market.
Fundamental Advisors LP sold the luxury seniors-only tower for twice what the private equity firm paid for the 334-unit tower in 2012, according to the Wall Street Journal.
Retirement: Colleges Cater To Baby Boomers By Building On-Campus Living Facilities (WSJ)
From a Wall Street Journal online article:
More schools are building or planning senior-living facilities on or near campus to cater to baby boomers who view college as a stimulating alternative to bingo at an archetypal retirement home. Some savor the pursuit of academic and cultural interests. Others are lured by the promise of interaction with younger students, for whom many hope to act as mentors.
It is the latest way for universities to profit from one of their greatest assets, land. Colleges have already taken advantage of this privilege by developing hotels and high-end student housing. Now, some see sales of upscale senior housing as the next step.
Lasell University, just west of Boston, built one of the first on-campus senior communities two decades ago. It requires members to take 450 hours of coursework or activities each year. Other programs have since sprouted up in places like the University of Michigan and Oberlin College in Ohio. Some communities are on campus; others are situated nearby and may have only a loose affiliation with the school. Many offer assisted living and nursing options.
To read more: https://www.wsj.com/articles/seniors-want-to-go-back-to-class-universities-want-to-sell-them-real-estate-11576751403
Senior Housing: Baby Boomers Choosing To Stay In Own Homes Threatens New Facilities
From a Wall Street Journal online article:
The rise of technologies that help the elderly stay in their homes threatens to upend one of commercial real estate’s biggest bets: Aging baby boomers will leave their residences in droves for senior housing.
Developers and senior-housing companies have spent billions of dollars over the past five years to build facilities that provide housing, food, medical care and assistance for the elderly.
While these properties have been filling up with people born during the Depression or World War II era, real-estate investors are eagerly eyeing the massive baby-boomer generation: 72 million people born between 1946 and 1964, or about one in five Americans. Their needs would require hundreds of thousands of new units, if previous demand patterns persist.
But this wager on elderly care is falling short of expectations, and there are concerns that it could become one of the biggest real-estate miscalculations in recent memory, some analysts suggest.
To read more: https://www.wsj.com/articles/boomers-want-to-stay-home-senior-housing-now-faces-a-budding-glut-11573554601
Boomers Daily 