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What is Senior Housing and Long Term Care? |
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The aging face of America is creating a rapid expansion of the industry providing housing and care for the over 65 population. Senior Housing and Long Term Care has within its’ realm several distinct elements to cover the spectrum of services needed as listed below: Ø Skilled Nursing Facilities: Facilities providing licensed nursing care on a 24 hour basis. Also included are Intermediate Care facilities for the Developmentally Disabled and sub-acute care providers. Facilities may be for profit, not for profit, leasehold interest, private ownership and joint ventures. Ø Assisted Living Facilities: Monthly rental residences providing meals, activities, local transportation, assistance in Activities of Daily Living (i.e. bathing, dressing, medication reminders, eating and walking) and general oversight. These facilities are most often studio and one bedroom apartments. Ø Independent Living: Monthly rental units providing activities, meals and housekeeping to seniors still healthy and active. These are often stand-alone or part of a retirement community. Ø Life Care and Continuum of Care Facilities: Provides multiple levels of living and care through either monthly rental or “buy-in” purchases. Allows a true “aging in place” environment. Ø Senior Apartments: Apartments operating either through Low Income Housing programs or market driven rates for residents 55 years and older depending upon various state definitions. Activity programs are frequently offered. Ø Single Tenant NNN Investments: Acquisition and sale of facilities strictly as investment properties involving long-term leasing by qualified operators.
Other similar Specialties:
Ø Group Homes: Facilities providing services in drug and alcohol treatment, youth care and foster homes. Ø Low Income Housing Tax Credit Programs: Existing or to be developed housing utilizing Federal Low Income Housing Tax Credit programs.
Additional Information For more information regarding Senior Housing and Long Term Care we recommend the sites listed below. American Senior Housing Association American Healthcare Association National Investment Center for the Seniors Housing and Care Industries American Association of Homes & Services for the Aging |
