Senior Spotlight: Baby Boomers Want Options
…and senior housing developers are striving to deliver just that!
Just a couple weeks ago, our Senior Spotlight featured the cuisine changes that are coming to the senior community sector. While food is certainly important, it isn’t everything and this week we wanted to share how shifting demographics and varying financial situations are driving demand.
A new article by The New York Times titled ‘What Baby Boomers Want (Options!), Senior Housing Delivers’ reveals the spectrum of needs and offerings that are defining senior housing in the present and future.
Here are a few of the key trends:
| Upper income retirees are seeking more lavish, luxury retirement communities (features may include high-rise penthouse style dwellings, wellness spas & other boutique-style amenities)
| Low to moderate income Americans are seeking communities in which their funds can last - driving a need for more affordable housing senior living models; one new strategy is to rely on resident volunteers to reduce costs. Other ‘cost savers’ include providing discounted memberships at local community and senior centers for recreation instead of on-site offerings.
| Multi-generational models continue to evolve and emerge, such as the type being built by Kallimos Communities which feature rental homes centered around green space with dining, arts and wellness opportunities onsite
The two-underlying themes are housing diversity and connectivity. A vast variety of senior lifestyles requires a wide range of senor living options – from both a financial and lifestyle perspective. From luxury high-rise living to more affordable, volunteer driven models – there is a need for options. In addition, the pandemic highlighted the mental and physical health risks of complete isolation, so active living and connectivity are priorities in virtually all types of older adult housing. At the same time, strategies for health maintenance and disease containment must be accounted for.
Bill Thomas, a co-founder of Kallimos Communities, gets straight to the point: “The very best thing you can have for helping you stay independent is damn good neighbors.” 😉
Warmest regards,
Bobbi
Bobbi Decker
DRE#00607999
Broker Associate
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com

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Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
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