What is Assisted Living
The senior housing industry offers several distinct types of investments for future operators. Each type appeals to its own consumer base, which comes down to the type of care provided at the facility. What is assisted living: Assisted living facilities are for senior residents needing moderate assistance.
Assisted living fits into a very specific space in the senior housing industry, it’s an excellent choice for operators searching for their next senior housing investment.
Locating Assisted Living in the Senior Housing Industry
There are four major categories of senior housing: independent living, assisted living, memory care and skilled nursing facilities.
Independent living facilities are communities designed for senior residents who need little to no additional care. At its base, seniors live in their own unit at a significantly lower cost than an assisted living facility. There is little to no assistance medically, but they do offer housekeeping, activities and meal service.
On the other end of the senior housing spectrum, skilled nursing facilities are designed for senior patients needing a high-level of specialized medical care, one step below hospitals.
In between those two sectors are assisted living and memory care.
These healthcare properties come with plenty of services to help build a better quality of life and a stress-free environment in the advanced life stage.
Services Provided by Assisted Living Facilities
Assisted living facilities deliver a number of services for their senior residents. These services are an important reason why many seniors thrive in assisted living communities.
Seniors receive:
- Reminders and assistance with medication
- Prepared and served meals with proper nutrition
- 24-hour monitoring
- Transportation
- Incontinence care if needed
- Help with daily living activities
- Social Activities
In this spectrum of the senior housing industry, seniors have the freedom to do as they please without the constraints of age-related handicaps.
Better Quality of Life for Senior Residents in Assisted Living Facilities
With 24-hour care and assistance, seniors experience the best health and life styles available. Assisted living facilities have staff members handle the chores of everyday life so that seniors can enjoy their time while in their best health.
Residents are encouraged to stay social and active. The feeling of community they have with other seniors delivers excellent benefits for both mental and emotional health.
Memory care facilities or memory care units are outfitted to keep residents’ safe. It includes egress doors that open only after 15 seconds of pressure. This protects elders from wandering, which is a growing problem for those developing Alzheimer’s or dementia. There are other safety measures in place to minimize accidents and hazards. In the event of a slip or fall, protocol ensures immediate help and relief.
Buying Assisted Living Facilities in the Senior Housing Industry
Assisted living facilities are an excellent choice for those interested in entering the senior housing industry. With the population of seniors growing day by day, the demand only increases. However, acquiring this senior housing investment is complex. The process is lengthy and buyers should not go through it alone.
There are many facets to the transaction that require extensive knowledge and experience. In addition, to protect buyers from making poor choices, it is highly recommended that investments specialists are consulted.
Work with JCH for Your Senior Housing Investments
The JCH Senior Housing Investment Brokerage is one of the most experienced brokerages in the senior housing industry. Our team has navigated hundreds of high-yielding senior housing investments.
As the leading investments specialists, we are confident that we can design the best approach to your senior housing investment in the senior housing industry. To learn ore about buying assisted living, contact our team today.