We are delighted to see some new, solid data to inform market analysis for seniors housing and care. The “Residents Financial Survey”, conducted in mid-2011 by the Center for Retirement Research at Boston College in conjunction with ProMatura Group, provides detailed data describing how residents pay for independent living and assisted living. It’s often hard to try to convince public and private bankers that people do spend well beyond their incomes for independent living and assisted living. For that reason, this blog offers highlights from one of the RRC’s working papers, “Costs and Concerns among Residents in Seniors Housing and Care Communities: Evidence from the Residents Financial Survey”.
Center for Retirement Research details how senior housing residents pay for independent living and assisted living
May 7th, 2012Posted in Don't Miss!, Recently Released Senior Housing Research |
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Bridging the Gap: Bringing Services to Active Adult Communities
February 20th, 2012When it comes to supportive services and active adult communities, builders aren’t offering everything consumers would like. The vast majority of 55+ home builders have provided large golf course or amenity-rich communities and market to “active adults.” Yet an NAHB/MetLife report indicates that one-third to one-half of potential 55+ buyers would prefer to have supportive and care services offered in 55+ housing communities. What does this market segment want, and how can home builders reach them? This blog provides an excerpt from a recently published article by The Highland Group’s Principal, Elisabeth Borden. Read the full article.
Senior Housing and Care Properties Under Construction – Colorado’s Front Range
January 30th, 2012This table displays all of the senior housing and care properties that we know to be under construction at this time in the Front Range of Colorado. We have tracked these properties as a result of preparing market studies and feasibility studies for senior housing communities and senior care communities for developers, lenders, and operators.
Posted in New Senior Housing Developments |
Tracking the senior market – Great new data served up in fine style by the Colorado State Demography Office
November 14th, 2011Tracking the senior market – Great new data served up in fine style by the Colorado State Demography Office Seeking data to help understand the need for senior housing and care? Check out the state demography website and Elizabeth Garner’s new powerpoint, ” The Age Wave in Colorado”
http://www.colorado.gov/cs/Satellite/DOLA-Main/CBON/1251593240528
Posted in Recently Released Senior Housing Research |
Rents Increases at Senior Independent Living in Denver Metro Beat the Average; Occupancy Rate Lags
October 26th, 2011What are some recent trends in the performance of the senior housing industry? How is the independent living market in terms of occupancy and rents? How does the Denver area compare to the other 30 largest cities in the U.S? Denver outperformed most cities in year-over-year rent change, at 2.3% for the Denver MSA, compared to a 1.4% average. Occupancy rates stayed stable across the 31 cities at 88%, with Denver metro lagging somewhat at 86.7%.
Posted in Recently Released Senior Housing Research |
Colorado Top-Ranked for Senior Population Growth – New Data for Senior Housing Market Research
September 18th, 2011New data recently released by the U.S. Census Bureau shows the growth rate of the senior population by state. As we prepare market studies and feasibility studies for new or expanding senior housing and care communities, a critical factor in our market research is the expected growth in targeted age groups. As has been projected, Colorado ranked in the top 7 states for growth of both the age 60+ population and the age 85+population between 2000 and 2010. As a state with one of the highest proportions of baby boomers in the population, it is no surprise that Colorado is ranked number 3 out of 50 in percentage growth in the age 60+ population
Posted in Recently Released Senior Housing Research |
Bus tour – see four new affordable senior apartment properties in one easy day!
September 11th, 2011On September 28th, the Community Connections tour will feature four affordable senior apartment properties funded by the Low Income Housing Tax Credit program and opened in 2011: Yale Station Apartments, Chafee Park, Dahlia Square, and Creekside West. The tour will last all day and include great lunch, snacks and networking too! Elisabeth Borden from The Highland Group will be on board with the tour guide microphone to provide project and market overviews. Sign up now at www.leadingagecolorado.org.
Posted in New Senior Housing Developments |
Senior Housing and Care Communities – Surviving the (never ending?) recession in 2011 and 2012: top ten things to do to get to full occupancy with a wait list!
September 8th, 2011Yes, the economy is still bad, with few real signs of recovery. The stock market remains unstable. Home prices are not likely to return to 2007 levels. Potential residents still hope things will change and wait. The move-age of residents is rising. Your rent levels and occupancies are not where you want. Lease-up of new buildings is far slower than expected for most. What are you doing about it?
Coming Soon – Don’t Miss the Chance to See What Other People are Doing!
August 19th, 2011LeadingAge Colorado’s Bus tours – extreme makeovers and new affordable apartments
Want an easy and fun way to see what others are doing to renovate aging properties and see the newest senior apartments? LeadingAge Colorado (formerly Colorado Association of Homes and Services for the Aging) is offering two bus tours of senior properties. On August [...]
Posted in New Senior Housing Developments |
Really? What is your competitive position? Seven key questions
July 28th, 2011How does your community stack-up in your market area when shopped against your real competition? After having conducted resident focus groups, lost lead surveys, and competitor reviews for more than 75 properties, we have identified seven critical questions each property should answer about itself on a regular basis:
Who are your true competitors – [...]
Posted in New Senior Housing Developments |
Recent Posts
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Bridging the Gap: Bringing Services to Active Adult Communities
February 20, 2012
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Tracking the senior market – Great new data served up in fine style by the Colorado State Demography Office
November 14, 2011
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Rents Increases at Senior Independent Living in Denver Metro Beat the Average; Occupancy Rate Lags
October 26, 2011
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Colorado Top-Ranked for Senior Population Growth – New Data for Senior Housing Market Research
September 18, 2011
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Bridging the Gap: Bringing Services to Active Adult Communities
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The Highland Group’s reports gave us a detailed, complete and
