The market for assisted living and skilled nursing homes is driven by need. On the other side, independent living owners must offer a product that is highly desirable on its own accord.
A recent article from the Dallas Morning News illustrates how the recession has impacted the independent living industry. Simply put, seniors have been willing to wait out the bad times before purchasing their new community home or apartment.
With margins already thin, owners could not afford to "ride out the storm" as their consumers were. Instead, many facilities have drastically reduced prices and are beginning to offer various incentive packages alongside the lease. From restructured meal plans to purchase options, owners are utilizing whatever it takes to increase demand.
Of course this only exists as a temporary fix. Independent living owners must consistently strive to create a community environment where seniors can reside without detrimental financial burden.
Evans Senior Investments
July 12, 2010
Heritage Commons Receives Max Award from FHLB
In Dixon, California, a senior housing community has been awarded the maximum $1,000,000 grant through the Affordable Housing Program (AHP) sponsored by the Federal Home Loan Bank of San Francisco.
The AHP "provides grants and subsidized loans to support affordable rental housing and home-ownership opportunities." The bank sets aside 10% of its net income to be used for development and rehabilitation throughout California, Arizona, and Nevada.
Dixon, located about 30 miles Southwest of Sacramento, was the only rural community to receive the $1,000,000 award. Heritage Commons will initially include 60 units of senior housing and is planning to double the community's size in the future.
The AHP "provides grants and subsidized loans to support affordable rental housing and home-ownership opportunities." The bank sets aside 10% of its net income to be used for development and rehabilitation throughout California, Arizona, and Nevada.
Dixon, located about 30 miles Southwest of Sacramento, was the only rural community to receive the $1,000,000 award. Heritage Commons will initially include 60 units of senior housing and is planning to double the community's size in the future.
July 07, 2010
Predicting your Lifespan?
Boston University researchers have successfully determined a group of genetic variants that can predict long lifespans.
After hypothesizing that centenarians, those living to the age of 100 or older, carried certain gene characteristics, BU scientists decided to search for a "longevity gene." The results were astonishing. With nearly 80% accuracy, a doctor could predict if a person would survive to the age of 90 or older.
What does this mean for the Senior Living Industry? At the moment nothing. The tests are still not practical for the average person, as "gene kits" would cost thousands of dollars. Still, one can imagine the tremendous consequences of implementing such techniques. The moral and ethical debate has already begun, while some have turned their eyes toward its forecasting potential. Either way, waves of information will continue to surge from the field of genetics and predictive medicine, both aiding and evolving the senior living industry.
BU Scientists Identify Longevity Gene
After hypothesizing that centenarians, those living to the age of 100 or older, carried certain gene characteristics, BU scientists decided to search for a "longevity gene." The results were astonishing. With nearly 80% accuracy, a doctor could predict if a person would survive to the age of 90 or older.
What does this mean for the Senior Living Industry? At the moment nothing. The tests are still not practical for the average person, as "gene kits" would cost thousands of dollars. Still, one can imagine the tremendous consequences of implementing such techniques. The moral and ethical debate has already begun, while some have turned their eyes toward its forecasting potential. Either way, waves of information will continue to surge from the field of genetics and predictive medicine, both aiding and evolving the senior living industry.
BU Scientists Identify Longevity Gene
June 30, 2010
Evans Senior Investments Adds to their Staff
Evans Senior Investments is pleased to announce the addition of intern Justin Kman to the Evans Senior Investments team.
Justin Kman is a recent graduate of DePaul University in Chicago, Illinois. As an intern, Justin is involved in both the firm's day-to-day and long term projects. He is responsible for a variety of tasks aimed at strengthening Evans Senior Investments' national reach.
At DePaul, Justin successfully helped start-up firm Grand Overview Chicago reach viability. He was also awarded a Research Fellowship position in the United States' Senate. There Justin was responsible for the research and presentation of budget analysis for the state of Wisconsin. In the fall, Justin will be attending law school at Boston University.
Justin Kman is a recent graduate of DePaul University in Chicago, Illinois. As an intern, Justin is involved in both the firm's day-to-day and long term projects. He is responsible for a variety of tasks aimed at strengthening Evans Senior Investments' national reach.
At DePaul, Justin successfully helped start-up firm Grand Overview Chicago reach viability. He was also awarded a Research Fellowship position in the United States' Senate. There Justin was responsible for the research and presentation of budget analysis for the state of Wisconsin. In the fall, Justin will be attending law school at Boston University.
June 29, 2010
Evans Senior Investments continues to provide quality investment opportunities for potential buyers. Strengthening its national presence, Evans Senior Investments has recently listed five new facilities for sale across the nation.
New Hampshire – 2 New Listings
1) Assisted Living and Alzheimer’s Facility
- $12,000,000
2) Alzheimer’s and Memory Care Facility
- $3,500,000
South Carolina – 2 New Listings
1) Continuing Care Retirement Facility
- $14,000,000
2) Assisted Living Facility
- $4,500,000
Michigan - 1 New Listing
1) Independent and Assisted Living Facility
- $4,000,000
Interested in one of these facilities? Contact Jason Stroiman of Evans Senior Investments at (312)896-0123 or visit Evans Senior Investments’ website, www.evansseniorinvestments.com. Evans Senior Investments will continue to seek out new and valuable investment opportunities, ensuring that both sellers and buyers have access to wide-ranging markets across the country.
New Hampshire – 2 New Listings
1) Assisted Living and Alzheimer’s Facility
- $12,000,000
2) Alzheimer’s and Memory Care Facility
- $3,500,000
South Carolina – 2 New Listings
1) Continuing Care Retirement Facility
- $14,000,000
2) Assisted Living Facility
- $4,500,000
Michigan - 1 New Listing
1) Independent and Assisted Living Facility
- $4,000,000
Interested in one of these facilities? Contact Jason Stroiman of Evans Senior Investments at (312)896-0123 or visit Evans Senior Investments’ website, www.evansseniorinvestments.com. Evans Senior Investments will continue to seek out new and valuable investment opportunities, ensuring that both sellers and buyers have access to wide-ranging markets across the country.
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