" Builders prepare for balloon in demand for senior housing"
Residents Aldo Bussi, from left, Charles Riedel and Robert Rubin shoot pool in the billiard room at The Bristal, an assisted-living development for senior citizens in East Northport, N.Y. Despite tight credit, some developers are building new retirement and assisted-living housing to take advantage of a market in which demand now outstrips supply.
EAST NORTHPORT, N.Y. — When the housing market collapsed in 2008, construction of retirement and assisted-living housing ground to a halt, just as it did in most commercial real estate sectors, as access to capital evaporated. But a few companies kept their development teams intact in the recession, and are now building new facilities and expanding their operations. And as lending loosens, they say, they are poised to benefit from the housing needs of America’s aging population.
The developers who have grown in these lean years tend to be small to midsize regional operations that know their local markets well, had a strong portfolio before the crash and have been able to persuade banks to lend despite the dour economy. They also tend to invest in assisted-living rental properties, which are tied to health care rather than personal housing choices.
Demand for nursing homes, assisted-living facilities and retirement communities is expected to balloon in the next two decades as baby boomers retire and the incidence of progressive illnesses like Alzheimer’s disease increases. The number of Americans over the age of 65 is expected to double to 71 million by 2030, and 7.7 million of them will suffer from Alzheimer’s disease, a 50 percent increase from today, according to the Alzheimer’s Association.
“It’s a great time to develop senior housing,” said Marilynn Duker, the president of Brightview Senior Living, a developer based in Maryland that has completed five new facilities since 2008 and has three others under construction. “As long as we can continue to get capital and have the ability to afford it, it’s an opportunity and there isn’t a lot of competition.
William E Merrill Md - News
Maureen K. Ohlhausen, of Virginia, to be a Federal Trade Commissioner for a term of 7 years from September 26, 2011, vice William E. Kovacic, term expiring. Submitted July 22 Mary B. DeRosa, of the District of Columbia, to be an Alternate
“That kind of financial performance gives banks confidence that senior housing is different from other sectors of the real estate sector,” said William Pettit, president and chief of Merrill Gardens, a developer in Seattle that is opening a senior
"Retirement Planning and 401(k) Rollover Options," Merrill Lynch and William Kavanagh, noon, Eighth and Main Building, sixth floor. Registration: William Kavanagh, (804) 343-4226. "Income Distribution Planning: Emphasis on Principal Preservation and
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William Gately, real property; Constance Ellis v. George T. Benson MD and PA, extension of time. MARRIAGES: Leslie Caine and Ivorine Jackson, DeLand; Robert B. Perri, Ormond Beach, and Jennifer H. Linsler, Port Orange; Daniel D. Zinck, Port Orange,
William E Merrill Md - Bookshelf
The Boy Who Harnessed the Wind, Creating Currents of Electricity and Hope
A true story of tenacity and imagination describes how an African teenager built a windmill from scraps to create electricity for his home and his village, ...E is for Evidence
Hamlet
HA PRINCE MLET, OF DENMARK. DRAMATIS PERSONS. CLAUDIUS , King of Denmark. HAMLET , Son to the former, and Nephew to the present King. ...The works of William Hogarth, including the Analysis of beauty and Five days' peregrination
be most precisely just and clear in conceiving the application of the various parts and dimensions that will occur to him in the following descriptive ...Managing Transitions, Making the Most of Change
Directed at managers on all rungs of the proverbial corporate ladder, this expanded edition of the classic bestseller provides practical, step-by-step ...Information Search Directory
English History Stories: Alfred The Great, Queen Elizabeth ...
Amos Christie, Md: The Legacy Of A Lineman by Robert E. Merrill ... Pine Knot: A Story Of Kentucky Life (1900) by Barton William E., Merrill F. T. ...
Increasing Stair Use
William W. Merrill, MD. Tulane University School of Medicine. New ... In response: Dr. Merrill claims that almost any lung disease fits. our definition of flock ...
Annual report of the chief of ... - Google Books
IN CHARGE OF CAPT CHARLES E L B DAVIS CORPS OF ENGINEERS. 827. Improvements Delaware River ... In charge of Lieut Col William E Merrill Corps of Engineers ...
Rochester Review • University of Rochester
William E. Merrill '35M (MD), October 2001. John Corris '36, December 2001. Roelf E. ... Ronald W. Tatum '61M (MD), '64M (Res), '66M (FLW), October 2001 ...
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