MIAMI – Lloyd Jones, a real estate investment firm headquartered in Miami, Florida, has announced the acquisition of four additional senior housing communities across Ohio, Texas, and Massachusetts to wrap up 2022, including:

AVIVA Glendale, a 50-unit, 70 bed assisted living community in Toledo, OH at the western tip of Lake Erie. Conveniently located minutes away from a variety of shops, restaurants, cultural attractions, and within 3 miles of two major hospitals; University of Toledo Medical Center and St. Luke’s Hospital. Substantial capex will be added to help position the asset as a key community in the market. 

AVIVA Hills, an 80-unit assisted living and memory care community in Canton, OH with 1 and 2 bedroom residences that feature some of the largest floor plans available in Canton. With 60 assisted living units and 20 memory care units, the community offers 91 beds and is licensed to expand up to 150. A full interior transformation is planned with state of the art assisted living and memory care upgrades along with exterior enhancements. Located on a beautiful secluded lot in the Belden Village area and within 5 miles of  three major hospitals, and 2 miles from the area’s premier shopping, dining, and entertainment. This adds a second AVIVA community in the Ohio market, as Lloyd Jones expands its midwest footprint. 

AVIVA Granbury, a 75-unit independent living, assisted living, and memory care community in Granbury, a growing suburb of Dallas-Fort Worth and popular destination for retirees. The community sits on a nearly 30-acre site comprising two buildings, one offering 41 independent living units and 15 assisted living units, and one dedicated to 19 memory care units. With an additional acreage of undeveloped land, the company is exploring expansion opportunities in the coming years.  

AVIVA Country Club Heights, a 104-unit assisted living and memory care community in Woburn, MA, an affluent northern suburb of Boston. The seven-story community is situated on a beautiful golf course country club, and consists of 83 assisted living units and 21 memory care units. All units and amenities were 100% upgraded within the last two years. The area supports strong senior housing demand with 9K+ income qualified seniors, projected to grow 23% by 2026. The community will receive $4M of CapEx upgrades.

As a senior housing operator, AVIVA Senior Living is owned and supported by the full resources of its parent company, Lloyd Jones. This past year Lloyd Jones laid the foundation for an exceptional future with AVIVA, set to become the benchmark for senior living moving forward.

“Lloyd Jones has successfully invested in and operated multifamily and senior housing real estate for four decades,” said Chris Finlay, CEO & Chairman at Lloyd Jones. “We look forward to bridging this experience with AVIVA to provide seniors with an incomparable living experience, combined with the latest amenities, services, and level of care that are expected of a world-class senior living community.”

Lloyd Jones identifies acquisitions that allow them to offer high-quality care by taking advantage of existing infrastructure and improving both the amenities and environments for existing and future residents. These holdings allow them to build a network of communities and grow their senior living presence across the country, while scaling operations with a broad range of industry experts and an innovative approach to adopting technology.

“We are creating middle-market options that span the senior living continuum, from active adult apartments to memory care and skilled nursing communities with innovative senior living technology that improves the way we deliver senior care,” said David Grady, President of AVIVA Senior Living. “We believe that this market will continue to outpace available supply, and that we are uniquely positioned to satisfy growing demand for affordable senior living with a focus on operational excellence.”

Lloyd Jones plans to rapidly expand their 11 holdings in the senior living space and expects to reach 5,000 units by the end of 2023. 

About Lloyd Jones LLC

Lloyd Jones is a real estate investment firm with 40 years of industry experience under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. Investment partners include private and institutional investors and family offices around the world.

To learn more about Lloyd Jones, visit lloydjonesllc.com

To learn more about AVIVA Senior Living, visit avivaseniorliving.com

MIAMI – Lloyd Jones, a real estate investment firm headquartered in Miami, Florida, announced today the acquisition of Hamilton Heights, a 113-unit, senior living community in West Hartford, Connecticut. The property will operate under Lloyd Jones’ proprietary Aviva brand as AVIVA West Hartford.

Hamilton Heights marks Lloyd Jones’ fourth senior housing acquisition this year. In February, the firm added two Class-A communities to its senior-living portfolio and a third in April: AVIVA Woodlands in Lincoln, Nebraska; AVIVA River Bend in Rochester, Minnesota; and AVIVA Maybelle Carter in Nashville, Tennessee.

Formerly known as Mount St. Joseph Academy, a Roman Catholic boarding school for girls, the property was adapted to an independent living, assisted living, and memory care community in 1997. The original academy was built in 1905 by well-known Hartford architect, John J. Dwyer, and is currently on the National Register of Historic Places. The property features a Georgian revival facade with four and five stories that stretches over ten acres in the heart of West Hartford. With an extensive capital renovation strategy, the community will undergo updates that include refreshing the surrounding landscape, restyling furnishes throughout the communal areas, and implementing a new technology package to bring the property up to Aviva brand standards.

Chris Finlay, chairman/CEO of Lloyd Jones, says “As a developer of many historic properties throughout my career, I can truly say this is a gem. And we intend to polish it up even more for the benefit and enjoyment of our residents.”

In addition to the forthcoming enhancements, residents of AVIVA West Hartford can enjoy amenities that include a fully-stocked library, outdoor patio and walking trails, pub, movie theater, spacious chapel and worship space, and a full service salon and spa.

About Lloyd Jones LLC:

Lloyd Jones LLC is a real estate investment firm with 40 years in the industry under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. It has recently added a hotel acquisition division. Investment partners include private and institutional investors and family offices around the world.

To learn more about Lloyd Jones, visit lloydjonesllc.com.

MIAMI – Lloyd Jones, a real estate investment firm headquartered in Miami, Florida, announced today the acquisition of Hamilton Heights, a 113-unit, senior living community in West Hartford, Connecticut. The property will operate under Lloyd Jones’ proprietary Aviva brand as AVIVA West Hartford.

Hamilton Heights marks Lloyd Jones’ fourth senior housing acquisition this year. In February, the firm added two Class-A communities to its senior-living portfolio and a third in April: AVIVA Woodlands in Lincoln, Nebraska; AVIVA River Bend in Rochester, Minnesota; and AVIVA Maybelle Carter in Nashville, Tennessee.

Formerly known as Mount St. Joseph Academy, a Roman Catholic boarding school for girls, the property was adapted to an independent living, assisted living, and memory care community in 1997. The original academy was built in 1905 by well-known Hartford architect, John J. Dwyer, and is currently on the National Register of Historic Places. The property features a Georgian revival facade with four and five stories that stretches over ten acres in the heart of West Hartford. With an extensive capital renovation strategy, the community will undergo updates that include refreshing the surrounding landscape, restyling furnishes throughout the communal areas, and implementing a new technology package to bring the property up to Aviva brand standards.

Chris Finlay, chairman/CEO of Lloyd Jones, says “As a developer of many historic properties throughout my career, I can truly say this is a gem. And we intend to polish it up even more for the benefit and enjoyment of our residents.”

In addition to the forthcoming enhancements, residents of AVIVA West Hartford can enjoy amenities that include a fully-stocked library, outdoor patio and walking trails, pub, movie theater, spacious chapel and worship space, and a full service salon and spa.

Sage Hill Maybelle Carter will deliver our residents a welcoming lifestyle, excellent services, and a focus on family and social relationships while celebrating the legacy of Maybelle Carter

Comfortably elegant, distinctively southern, and constantly attentive describes our new community. This acquisition marks the official launch of our new Sage Hill middle income brand.

– says Vice Chairman, Tod Petty

About Lloyd Jones LLC:

Lloyd Jones LLC is a real estate investment firm with 40 years in the industry under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. It has recently added a hotel acquisition division. Investment partners include private and institutional investors and family offices around the world.

To learn more about Lloyd Jones, visit lloydjonesllc.com.

The COVID-19 pandemic certainly transformed the commercial real estate investment landscape, but senior living continues to be an asset class of great interest to investors.

The senior-living real estate category is poised for growth in a post-pandemic world. Despite the industry challenges during the pandemic, today the demand for senior housing outpaces the supply and will continue to do so for many years. In the meantime, investors are finding a pipeline of distressed senior-housing properties that can be acquired and upgraded into high-performing assets.

As the baby boomer generation ages and lives longer, the need for assisted-living communities is only going to grow. Throughout each stage of their life cycle, the overwhelming number of boomers has upended traditional norms and marketplaces, and senior living is no exception. Other types of real estate ebb and flow, but senior-living real estate investment can provide safe harbor – especially during economically unstable times. And regardless of macroeconomic circumstances, people continue to age and require senior-living arrangements, driving demand for properties that can accommodate this rapidly growing population.

When it comes to investing in senior-living properties, individual investors have largely been frozen out of such large commercial deals due, in part, to the sheer size of the investment. However, the most significant change in real estate investing in recent years is the emergence of crowdfunding platforms.

Historically, large-scale real estate deals were funded through relationships with family offices and directly with institutional investors. However, real estate investment firms can now raise money via online crowdfunding. A crowdfunding platform allows a firm to post detailed descriptions and investment offerings divided into more affordable shares. Investors can review and browse various deals and select the investment that works best for them. Add in today’s technology and the ability to take virtual tours or see actual photographs, and potential investors have the world at their fingertips.

Once an investor reviews the offering documents and materials and decides to invest, the required documents and signatures are handled online, as well as the actual purchase of shares and portfolio management.

Crowdsourced commercial real estate investing is here to stay and will undoubtedly change how individuals approach senior-living real estate investments. No other investing innovation has made it easier for individual investors to participate in larger, institutional-quality deals across a greater range of asset types.

It’s also critical to remember that at the end of the day, while crowdsourcing is new and exciting, not all platforms are created equal. Investors must still consider the quality of each deal and the experience of the people behind it who are driving its management, value-add strategies and exit plans.

Are you interested in investing in senior-living properties through crowdfunding? Sign up with Lloyd Jones to learn more about senior-housing investment opportunities.

How It Works: Investing in Senior Living Projects via Crowdfunding

Chris Finlay, Chairman and CEO of Lloyd Jones, breaks down what it takes to start investing in senior living real estate via crowdfunding, and how to make the most of the market in 2022.

Here’s a short excerpt from this video:

“We at Lloyd Jones have invested a significant amount of capital into creating our own operating platform. We brought on board senior industry leaders, top players. And that’s the unique thing about the time we’re in…”

FOR IMMEDIATE RELEASE

Media Contact:
Rachel Pinzur / Pinzur Communications
305-725-2875 or rachel@pinzurpr.com

AVIVA Port St. Lucie is the Real Estate Investment Firm’s First Senior Living Community on Florida’s Treasure Coast

PORT ST. LUCIE, Fla. (February 27, 2022) – On February 22, Lloyd Jones executives, including Chairman/CEO Chris Finlay and Senior VP of Operations Sheryl Klein, hosted a ceremonial groundbreaking of AVIVA Port St. Lucie – the real estate firm’s first senior living community on Florida’s Treasure Coast. Slated to open spring 2023 at 590 NW Lake Whitney Place in St. Lucie West, the 159-unit, resort-style independent living complex, complete with a zero-entry pool, club house and state-of-the-art fitness center, will provide adults 55+ with a carefree and socially active environment.

Beautifully-appointed one- and two-bedroom apartments will feature walk-in closets, modern kitchens with pantries, bathrooms, linen closets, washer & dryer, and a private balcony or patio. Several of the additional amenities planned for AVIVA Port St. Lucie include full-service dining room, Bistro, bar and space for private parties, card room, putting green, pickleball court, aerobics/yoga studio, walking/biking trails and dog walking park – all within a secure, 24-hour maintenance community. Situated in an idyllic location overlooking Lake Whitney, AVIVA Port St. Lucie will be a short stroll to Town Center at St. Lucie West and across the street from a medical office center.

“Our entry into Port St. Lucie comes at a time when there is an increased demand for more upscale senior living communities in the area,” said Finlay. “Lloyd Jones has successfully invested in and operated multifamily and senior housing real estate for four decades. We look forward to bridging this experience with our AVIVA collection to provide seniors with an incomparable living experience, combined with the latest amenities, services and level of care that are expected of a world-class senior living community.”

AVIVA is Lloyd Jones’ collection of luxury senior living assets, consisting of new, ground-up developments and recently constructed communities. AVIVA offers residents a maintenance-free lifestyle, personalized services, curated activities, robust health and wellness programs and state-of-the-art amenities.

For more information, call 772-800-5000 or email sales@avivaportstlucie.com.

 

About Lloyd Jones LLC

Lloyd Jones LLC is a real estate investment firm with 40 years in the industry under the continuous direction of Chairman & CEO, Christopher Finlay. Based in Miami, Fla., the firm specializes in multifamily and senior housing investment, development, and management. It has recently added a hotel acquisition division. Investment partners include private and institutional investors and family offices around the world. To learn more about Lloyd Jones, visit www.lloydjonesllc.com.

Why Is Senior Housing an Opportunistic Investment?

In the world of real estate, investors make every effort and invest lots of capital to accurately predict the course of the market. What type of asset will be desirable? Who are the consumers that will want it? When will the level of demand reach its peak? Where will consumers want these assets? How much will consumers be able to pay for a particular asset type and class?

With real estate asset types like industrial, retail, and multifamily, some variables are often difficult or impossible to accurately predict due to factors that may be peripherally related to the subject market.

With senior housing, many of these variables are partially or entirely negated with simpler predictive qualities; a quick look at some basic demographic and income charts gives the bulk of information needed to make accurate investment decisions. Beyond that, senior housing does not relate to consumers’ wishes as much as it relates to their needs.

These factors make senior housing an exceptionally safe investment choice, so long as the investments are with businesses that intend to deliver forward-looking, innovative care models. Blindly throwing money at just any senior housing investment is not advisable in any way, as dated ideas and buildings that are past their peak will not be attractive to residents.

This chart showcases annualized returns by asset class over a number of years. Pulling data from a very anomalous time in the real estate world, right in the heart of the COVID crisis. However, it’s still possible to see that senior housing is an asset class that, though it may take time, delivers outsized returns compared to other types of real estate.

The key driving force behind the growth of senior housing and our ability to predict with certainty that there is growth is the enormous influx of baby boomers reaching ages requiring senior housing. Baby boomers are that generation of people born post-WWIII between 1946 and 1964 that will, in its entirety, have aged beyond 65 years old by the end of the current decade. The current market lacks the supply to fulfill the future need, and a considerable percentage of locations and demographics have historically been unserved due to their location or economic situation.

The combination of these factors spells opportunity for the senior housing industry, real estate investors, as well as future residents who will have a retirement experience they earlier assumed was only for the extremely well-to-do.

We all know that past performance is no guarantee of future successes, but we can predict with certainty that demand will rise and will rise significantly for senior housing, and we also know that supply is restrained. This provides us with an unusually transparent opportunity to review the factors that will determine a good (or bad) investment and to act accordingly. Here are some of the specific points that make senior housing such an attractive investment.

Related: Why You Should Add Commercial Real Estate To Your Investment Portfolio

Looking to invest your money instead of losing its value sitting in a bank? Check out Lloyd Jones for investment opportunities that will make your money work for you!

Senior Housing Is in High Demand Due to an Aging Population

With the baby-boomer generation aging out of the workforce and into the period in which they will need increased health-care and assisted-housing services, the demand for senior housing communities increases with each passing year.

An investor’s most valuable information in any industry is an advanced notice about the future demand for a product or service. This advanced notice has been available to anyone interested in looking at census data for half a century with the senior housing market.

Baby boomers have been an attention-grabbing generation for the entirety of their existence, and the entry into their golden years is no exception. It is impossible for real estate, healthcare, and many other industries to ignore the fact that the largest single group of retirees will be entering into systems that are simply incapable of handling the sheer numbers coming their way.

While the moment where demand outpaces supply has not quite arrived yet, that moment is not far in the future. The land is not cheap, and construction is not quick, so even in instances where distressed hotels and other existing assets can be renovated and repurposed for use as a senior housing community, the time for investors to act is sooner rather than later.

Capturing Underserved Markets With the Proper Price Point

One of the keys to growth in the senior housing industry is focusing on historically underserved demographics. In the past, there have been millions of middle-income individuals for whom the industry has failed to provide appropriately priced services, aiming above and below them.

The industry has been losing out on this group’s business at the same time that these millions of seniors have missed out on getting the care that would have substantially improved their quality of life.

This large group of seniors in the middle of the economic spectrum were too financially well-off to qualify for subsidized or “affordable” housing. Conversely, they were not well-off enough to afford the more boutique-style senior living facilities, so a large portion of this economic class opted to pay for in-home health aides, remain in their homes for as long as possible, eventually moving anyway to some form of assisted living.

The results have not been positive in either the financial sense or overall health outcomes. According to the CDC, falls result in over $12 billion collectively in out-of-pocket expenses for patients across the nation each year. On top of that, in many cases, the health of these individuals suffers when easily treatable issues go untreated simply due to infrequent medical examinations. Ironically, these individuals who opted to hold off on senior living ended up needing it sooner rather than later due to their choice to avoid it for as long as possible.

This is an instance where the senior housing industry must make simple changes to deliver notable results for investors and to reach this type of resident that the industry has thus far overlooked. The senior housing industry needs to connect with these middle-income seniors, both economically and in terms of messaging. The branding needs to communicate that senior housing has a place for them, it is a good choice for their health, and it is not an overpriced luxury designed for someone other than themselves. 

Capture Secondary and Tertiary Markets: Make Residents’ New Home the Same as Their Old Home

One of the significant changes coming is that senior housing will no longer be limited to densely populated urban areas. Rapidly aging baby-boomer populations that made homes in suburbs across the nation will make senior housing both profitable and necessary in those areas.

Even more specifically, for many in this population, the only way they will make the move to senior housing is if it is near the neighborhoods that they have called home for decades, where they have raised their children, where they have established a network of friends, or where their families live.

Interested in exploring the benefits of investing in multi-family development? Lloyd Jones is the one-stop shop you’ll need to learn everything there is on the subject.

Is Senior Housing Recession-Proof?

Unlike economic choices that consumers can delay during a recession like buying a boat, home, or any other product or asset, delaying a move to senior housing is not something that can go on indefinitely. The physical realities of aging grow with time and must be addressed.

Even during the last couple of years when the COVID pandemic resulted in many seniors putting a hold on their plans to move, the market has not been seriously dampened. Despite the most extreme, disruptive force in the history of senior housing, modern economics and growth predictions of recent years are still equally accurate due to the “senior tsunami” that is upon us.

Arguably, these estimates might now appear to be too conservative as many seniors and those soon entering the ages requiring assistance have experienced the challenges of everyday life during COVID without any health issues.

Though dated, the graph below does an excellent job of demonstrating how senior housing rental rates did not respond to the global financial crisis of the 2008 to 2010 period in the same way as other asset classes did.

The senior-housing industry was the one asset class during that black swan event that saw only a very mild reduction in rental rate growth. Utilizing savings, selling their primary residences, turning to insurance, or leveraging offspring income streams among other income sources, residents of senior housing facilities maintained their rental payments even during times of economic downturns. In fact, before entering senior housing facilities, residents often worked with facility owners to establish financial plans to cover the final chapter of their lives.

The trends we saw during the pandemic painted a slightly different picture. While rental rates remained stable relative to other real estate asset classes reinforcing the trends we saw during the global financial crisis of 2008-2010, what we did see was a drop in occupancies. This was driven by regulatory and health concerns to protect residents, restrictions on accepting new residents, and a desire of the elderly to remain in their homes and stay isolated. This trifecta of factors, while causing a decline in occupancy did not impact rental rates for those in place but created a barrier to accepting new residents.

As the impact of the pandemic recedes, that demand is now flooding back. Indeed some senior housing providers are already reporting record move-in rates as residents seek to establish a home where they can be free of the burdens and dangers – physical, financial, and social – of living alone without any assistance.

Related: Understanding Institutional-Quality Real Estate

Senior Housing Has High Crossover With Tech and Healthcare Industries

The potential synergy of senior housing with other industries is almost limitless. Tech, healthcare, and construction are just a few areas in which innovations can and will change the nature of senior housing and the outcome it provides both residents and investors.

Some innovation is sure to be extraordinary, and here at Lloyd Jones, we are at the forefront of researching and implementing systems that enhance resident quality of life, reduce costs, and improve even further our levels of care.

Discovering New Applications for Existing Tech in Healthcare

The simplest of these technologies is video chatting, implemented (and quite successfully rebranded as telehealth) to benefit patients, facilities, doctors, medical staff, pharmacists, transportation specialists, and everyone else involved in the process of providing patient treatment.

Until the rise of telehealth, there were no options other than scheduling elderly patients for regular checkups and then telling them to come in when unusual symptoms emerged. With telehealth, doctors are now able to determine which instances require patients to come in for an office visit, which warrant a hospital trip, and which require nothing more than thorough monitoring of vitals and symptoms.

The amount of time, paperwork, money, and stress this has saved is almost incalculable. As the use of telehealth appointments increases, senior housing will provide superior health outcomes at lower costs when compared to seniors remaining in their homes.

New Health Tech, Better Patient Outcome, More Profitable Senior Housing

Remote patient monitoring is an example of technology that is now being implemented in various healthcare spaces and will certainly take root in numerous points of the senior housing continuum of care. Patients will be able to register various vital signs that will be automatically shared with doctors and health systems to identify common or targeted health concerns before more substantial and costly treatment is necessary.

The capacity and scope of remote patient monitoring is certain to grow and is an excellent example of an area in which forward-thinking senior housing communities will invest to provide better healthcare outcomes while they cut costs.

Related: How Social Connections Keep Seniors Happy, Healthy, and Living Longer

Why Senior Housing Is an Excellent Investment

The growing and unavoidable need for senior housing, the recession resistance of this asset type, and the opportunities to implement both new and existing technologies to improve profitability and health outcomes make senior housing among the best real estate investments currently available.

As with any investment, not only real estate, it is vital to remain at the forefront of trends and developments. Here at Lloyd Jones, we are capitalizing on these trends by acquiring and upgrading facilities to deliver the level of service that will soon become the gold standard for the industry.

As post-pandemic demand returns to senior housing, we are identifying opportunistic acquisitions that capture all the benefits of investing in this industry – at substantially discounted pricing. With a vision for improved care, a superior quality of life, and outsized returns for investors, we are convinced that now is a great time to capitalize on the growing demand for this asset class.

Why Is Senior Housing an Opportunistic Investment?

In the world of real estate, investors make every effort and invest lots of capital to accurately predict the course of the market. What type of asset will be desirable? Who are the consumers that will want it? When will the level of demand reach its peak? Where will consumers want these assets? How much will consumers be able to pay for a particular asset type and class?

With real estate asset types like industrial, retail, and multifamily, some variables are often difficult or impossible to accurately predict due to factors that may be peripherally related to the subject market.

With senior housing, many of these variables are partially or entirely negated with simpler predictive qualities; a quick look at some basic demographic and income charts gives the bulk of information needed to make accurate investment decisions. Beyond that, senior housing does not relate to consumers’ wishes as much as it relates to their needs.

These factors make senior housing an exceptionally safe investment choice, so long as the investments are with businesses that intend to deliver forward-looking, innovative care models. Blindly throwing money at just any senior housing investment is not advisable in any way, as dated ideas and buildings that are past their peak will not be attractive to residents.

This chart showcases annualized returns by asset class over a number of years. Pulling data from a very anomalous time in the real estate world, right in the heart of the COVID crisis. However, it’s still possible to see that senior housing is an asset class that, though it may take time, delivers outsized returns compared to other types of real estate.

The key driving force behind the growth of senior housing and our ability to predict with certainty that there is growth is the enormous influx of baby boomers reaching ages requiring senior housing. Baby boomers are that generation of people born post-WWIII between 1946 and 1964 that will, in its entirety, have aged beyond 65 years old by the end of the current decade. The current market lacks the supply to fulfill the future need, and a considerable percentage of locations and demographics have historically been unserved due to their location or economic situation.

The combination of these factors spells opportunity for the senior housing industry, real estate investors, as well as future residents who will have a retirement experience they earlier assumed was only for the extremely well-to-do.

We all know that past performance is no guarantee of future successes, but we can predict with certainty that demand will rise and will rise significantly for senior housing, and we also know that supply is restrained. This provides us with an unusually transparent opportunity to review the factors that will determine a good (or bad) investment and to act accordingly. Here are some of the specific points that make senior housing such an attractive investment.

Related: Why You Should Add Commercial Real Estate To Your Investment Portfolio

Looking to invest your money instead of losing its value sitting in a bank? Check out Lloyd Jones for investment opportunities that will make your money work for you!

Senior Housing Is in High Demand Due to an Aging Population

With the baby-boomer generation aging out of the workforce and into the period in which they will need increased health-care and assisted-housing services, the demand for senior housing communities increases with each passing year.

An investor’s most valuable information in any industry is an advanced notice about the future demand for a product or service. This advanced notice has been available to anyone interested in looking at census data for half a century with the senior housing market.

Baby boomers have been an attention-grabbing generation for the entirety of their existence, and the entry into their golden years is no exception. It is impossible for real estate, healthcare, and many other industries to ignore the fact that the largest single group of retirees will be entering into systems that are simply incapable of handling the sheer numbers coming their way.

While the moment where demand outpaces supply has not quite arrived yet, that moment is not far in the future. The land is not cheap, and construction is not quick, so even in instances where distressed hotels and other existing assets can be renovated and repurposed for use as a senior housing community, the time for investors to act is sooner rather than later.

Capturing Underserved Markets With the Proper Price Point

One of the keys to growth in the senior housing industry is focusing on historically underserved demographics. In the past, there have been millions of middle-income individuals for whom the industry has failed to provide appropriately priced services, aiming above and below them.

The industry has been losing out on this group’s business at the same time that these millions of seniors have missed out on getting the care that would have substantially improved their quality of life.

This large group of seniors in the middle of the economic spectrum were too financially well-off to qualify for subsidized or “affordable” housing. Conversely, they were not well-off enough to afford the more boutique-style senior living facilities, so a large portion of this economic class opted to pay for in-home health aides, remain in their homes for as long as possible, eventually moving anyway to some form of assisted living.

The results have not been positive in either the financial sense or overall health outcomes. According to the CDC, falls result in over $12 billion collectively in out-of-pocket expenses for patients across the nation each year. On top of that, in many cases, the health of these individuals suffers when easily treatable issues go untreated simply due to infrequent medical examinations. Ironically, these individuals who opted to hold off on senior living ended up needing it sooner rather than later due to their choice to avoid it for as long as possible.

This is an instance where the senior housing industry must make simple changes to deliver notable results for investors and to reach this type of resident that the industry has thus far overlooked. The senior housing industry needs to connect with these middle-income seniors, both economically and in terms of messaging. The branding needs to communicate that senior housing has a place for them, it is a good choice for their health, and it is not an overpriced luxury designed for someone other than themselves. 

Capture Secondary and Tertiary Markets: Make Residents’ New Home the Same as Their Old Home

One of the significant changes coming is that senior housing will no longer be limited to densely populated urban areas. Rapidly aging baby-boomer populations that made homes in suburbs across the nation will make senior housing both profitable and necessary in those areas.

Even more specifically, for many in this population, the only way they will make the move to senior housing is if it is near the neighborhoods that they have called home for decades, where they have raised their children, where they have established a network of friends, or where their families live.

Interested in exploring the benefits of investing in multi-family development? Lloyd Jones is the one-stop shop you’ll need to learn everything there is on the subject.

Is Senior Housing Recession-Proof?

Unlike economic choices that consumers can delay during a recession like buying a boat, home, or any other product or asset, delaying a move to senior housing is not something that can go on indefinitely. The physical realities of aging grow with time and must be addressed.

Even during the last couple of years when the COVID pandemic resulted in many seniors putting a hold on their plans to move, the market has not been seriously dampened. Despite the most extreme, disruptive force in the history of senior housing, modern economics and growth predictions of recent years are still equally accurate due to the “senior tsunami” that is upon us.

Arguably, these estimates might now appear to be too conservative as many seniors and those soon entering the ages requiring assistance have experienced the challenges of everyday life during COVID without any health issues.

Though dated, the graph below does an excellent job of demonstrating how senior housing rental rates did not respond to the global financial crisis of the 2008 to 2010 period in the same way as other asset classes did.

The senior-housing industry was the one asset class during that black swan event that saw only a very mild reduction in rental rate growth. Utilizing savings, selling their primary residences, turning to insurance, or leveraging offspring income streams among other income sources, residents of senior housing facilities maintained their rental payments even during times of economic downturns. In fact, before entering senior housing facilities, residents often worked with facility owners to establish financial plans to cover the final chapter of their lives.

The trends we saw during the pandemic painted a slightly different picture. While rental rates remained stable relative to other real estate asset classes reinforcing the trends we saw during the global financial crisis of 2008-2010, what we did see was a drop in occupancies. This was driven by regulatory and health concerns to protect residents, restrictions on accepting new residents, and a desire of the elderly to remain in their homes and stay isolated. This trifecta of factors, while causing a decline in occupancy did not impact rental rates for those in place but created a barrier to accepting new residents.

As the impact of the pandemic recedes, that demand is now flooding back. Indeed some senior housing providers are already reporting record move-in rates as residents seek to establish a home where they can be free of the burdens and dangers – physical, financial, and social – of living alone without any assistance.

Related: Understanding Institutional-Quality Real Estate

Senior Housing Has High Crossover With Tech and Healthcare Industries

The potential synergy of senior housing with other industries is almost limitless. Tech, healthcare, and construction are just a few areas in which innovations can and will change the nature of senior housing and the outcome it provides both residents and investors.

Some innovation is sure to be extraordinary, and here at Lloyd Jones, we are at the forefront of researching and implementing systems that enhance resident quality of life, reduce costs, and improve even further our levels of care.

Discovering New Applications for Existing Tech in Healthcare

The simplest of these technologies is video chatting, implemented (and quite successfully rebranded as telehealth) to benefit patients, facilities, doctors, medical staff, pharmacists, transportation specialists, and everyone else involved in the process of providing patient treatment.

Until the rise of telehealth, there were no options other than scheduling elderly patients for regular checkups and then telling them to come in when unusual symptoms emerged. With telehealth, doctors are now able to determine which instances require patients to come in for an office visit, which warrant a hospital trip, and which require nothing more than thorough monitoring of vitals and symptoms.

The amount of time, paperwork, money, and stress this has saved is almost incalculable. As the use of telehealth appointments increases, senior housing will provide superior health outcomes at lower costs when compared to seniors remaining in their homes.

New Health Tech, Better Patient Outcome, More Profitable Senior Housing

Remote patient monitoring is an example of technology that is now being implemented in various healthcare spaces and will certainly take root in numerous points of the senior housing continuum of care. Patients will be able to register various vital signs that will be automatically shared with doctors and health systems to identify common or targeted health concerns before more substantial and costly treatment is necessary.

The capacity and scope of remote patient monitoring is certain to grow and is an excellent example of an area in which forward-thinking senior housing communities will invest to provide better healthcare outcomes while they cut costs.

Related: How Social Connections Keep Seniors Happy, Healthy, and Living Longer

Why Senior Housing Is an Excellent Investment

The growing and unavoidable need for senior housing, the recession resistance of this asset type, and the opportunities to implement both new and existing technologies to improve profitability and health outcomes make senior housing among the best real estate investments currently available.

As with any investment, not only real estate, it is vital to remain at the forefront of trends and developments. Here at Lloyd Jones, we are capitalizing on these trends by acquiring and upgrading facilities to deliver the level of service that will soon become the gold standard for the industry.

As post-pandemic demand returns to senior housing, we are identifying opportunistic acquisitions that capture all the benefits of investing in this industry – at substantially discounted pricing. With a vision for improved care, a superior quality of life, and outsized returns for investors, we are convinced that now is a great time to capitalize on the growing demand for this asset class.

ESG initiatives, also known as socially responsible investing, incorporate environmental, social, and governance concerns into a company’s business model to deliver both financial and socially beneficial results. While ESG philosophies are applicable to any forward-thinking industry, they can be particularly meaningful within real estate.

Contrary to the popular belief that ESG development is an instance of businesses forgetting their primary purpose–to generate profits–the specific actions guided by ESG-thinking often result in an improved experience for customers and greater returns for investors.

At Lloyd Jones, we’ve implemented specific initiatives related to environmental, social, and governance policies, each with measurable goals, to create a program we call Impactful Investing. Impactful Investing is how our investment, development, and multifamily management divisions each do their part as a socially responsible facet of our vertically integrated real estate firm.

When and Where Did the ESG Movement Begin?

ESG as a movement is not attributed to any one industry, company, or time period. Instead, there is a growing understanding of both companies and investors that socially conscious developments are not just trending; they add value to companies’ brands as well as their returns to investors.

Contrary to the past in which the only consumer concern seemed to be how competitive prices were, and the only investor concern was the levels of returns they were seeing on their investments, both consumers and investors now demand more.

All parties want to know that the businesses they support are improving the quality of life for their employees, the environment, and the surrounding community. As seen in the chart below, ESG investments are growing quickly in the U.S., reaching nearly $17 billion in sustainable investments through ESG in 2020.

Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/the-esg-trends-that-will-drive-2021-8211-podcast-61980796

What Is the “E” in ESG?

There are numerous ways in which real estate companies can change their operating procedures to make a positive impact, and one pertains to “environmental,” the “E” in ESG. Almost all of these decisions will fall into three categories: construction, maintenance, and administration, where energy conservation, through implementation of innovative, cost-efficient systems, can be beneficial for the environment and at the same time contribute positively to the bottom line, driving up returns for investors.

Energy Conservation Starts From the Ground Up With Better Materials

Conservation policies can be enacted through simple replacement of common building and property features. Light fixtures, water faucets, and strategically deployed modern technologies save money and provide added value to consumers they may be unable to find elsewhere.

Efficient light and water fixtures like LED lighting and low-flow toilets and showerheads will substantially reduce utility costs for both residents and management. These improvements need not be limited to the interiors of individual apartments, as LED lighting for hallways, parking lots, and walkways can deliver building operators substantial savings across entire developments.

These simple upgrades to common household fixtures can make residential communities more environmentally sound, and by ensuring that the cost of implementing these upgrades can be recovered through cost savings (e.g. utility bill reductions from LED lights) and enhanced rental income, they can also prove profitable.

Residents Expect Smart Tech Amenities

Smart thermostats, electric-car charging stations, and in-apartment hygrometers are all examples of cutting-edge technology that can simultaneously attract higher-credit residents who are willing to pay more rent and stay longer in their units while also providing cost savings to building operators. Keeping ahead of the market with these kinds of technology-driven energy- efficient innovations puts multifamily operators at a competitive advantage to other communities in their area that do not embrace them.

Smart home technologies like Nest thermostats have pierced the public’s consciousness, but these opportunities are just beginning to be implemented in commercial real estate. In addition to thermostats, hygrometers (humidity and water-leak detection devices) can be strategically placed within an apartment to alert tenants and maintenance staff to potential mold or water intrusion issues. These features not only reduce utility costs, but they can also prevent costly repairs down the road.

Source: https://www.statista.com/chart/15736/smart-home-market-forecast/

As shown in the chart above, demand for smart tech for the home is growing at a significant pace. As part of its Impactful Investing initiatives, Lloyd Jones recognizes the demand for environmentally friendly technology solutions and is leading the way in the apartment industry by implementing these systems across its multifamily and senior housing portfolios.

Ongoing Utility Audits

After developments are upgraded with energy-saving features, the conservation work continues with utility audits that monitor usage levels to determine when waste is occurring and what repairs are required to return to levels of efficient usage. This serves bottom-line revenues in two important ways: one, with improvements to conservation technology, utility usage levels are reduced with each passing year, and two, it helps to cut building maintenance costs in the long run.

As outdated systems are replaced with smart technology, residents also benefit by seeing a reduction in their own utility expenses, minimized downtime for maintenance of the systems in their units, and an enhanced standard of living and comfort.

Small Administrative Changes Make a Big Difference

Another simple, important, and often overlooked aspect of ESG practices is switching to digital record keeping whenever possible. Beyond contracts, the tasks of paying rent, renewing leases, and effecting transactions that used to require paper are now being conducted digitally to the delight of residents, owners, and the environment.

The frequency and acceptability of digital transactions increased during the COVID pandemic as individuals were unable to or uncomfortable with meeting face-to-face with their on-site property management staff.

Eco-Friendly and Cost-Saving Landscaping Practices for Property Owners

Landscaping is an important part of owning large-scale multifamily residential communities as it forms part of the first impression prospective tenants will get when considering where to live.

To attract residents, developers often implement exterior landscape designs that look stunning but that do not always account for local climate conditions, for example, planting exotic, water-demanding trees and shrubbery in drought-ridden areas. To maintain the non-native plants, grounds staff must use a wide variety of harmful chemicals and excessive irrigation to encourage plant growth while discouraging undesirable weeds. Switching to environmentally sound landscaping practices that conform to the local climate can be more aesthetically pleasing, allow plants to flourish, cut costs, and increase recreational space for residents.

For example, opting for organic weed killers, switching from gasoline-powered to electric equipment, and encouraging more native-plant landscape architecture are all ways to beautify properties while mitigating environmental damage.

Beyond kindness to the environment, these initiatives are also more cost-efficient in terms of water, waste, and labor, as this study below by the city of Santa Monica, CA, shows.

Source: https://www.smgov.net/uploadedFiles/Departments/OSE/Categories/Landscape/GG.DisplayAd5.e.res%281%29.pdf

What Is the ‘S’ in ESG?

ESG-focused businesses strive to improve the communities where they are involved and in so doing, bring the “S” for “social” responsibility into practice. While historically limited to volunteer work or fundraising, often called “Corporate Social Responsibility” or CSR, the depth of social development has grown to include partnerships with non-profit organizations and an emphasis on personal and professional growth opportunities for employees.

The possibilities and actions taken by ESG-focused businesses are growing in scope and complexity. Beyond specific partnerships, social responsibility grows at companies through sponsored involvement in traditional volunteerism with food banks, beach and park cleanups, and offering employees personal time off to volunteer with organizations that speak to them personally.

Promoting From Within Builds Stronger Organizations

One of the biggest concerns of modern workers is the chance to grow professionally. Many jobs can lead to dead ends, so initiatives to change this perception of a business is essential. Staffing management positions with internally promoted workers can transform a company from simply a place that provides a paycheck into an organization that provides a meaningful, lifelong career.

Commitment to providing opportunities to workers can take many forms, by offering training programs, certification programs, or even subsidizing continuing education.

Even more simply, and at times most effectively, junior employees are trained by their immediate superiors simply through exposure to the next level of challenges they will face professionally, should they get promoted. Working closely together also allows management to assess employees’ abilities and drive, ensuring that the next opportunity goes to the best possible person for the job.

What Is the “G” in ESG?

Ever growing in importance, potential employees and investors review a company’s internal governance, the “G” in ESG, as a measure for understanding it. Responsible businesses such as Lloyd Jones consider personal conduct and financial accountability essential components in a company’s success.

Both residents and investors want positive outcomes, but they also need to know how the outcomes were achieved, and ESG-conscious companies are aware of that.

Real estate firms that are serious about growth will need to increase transparency and detail the policies they rely on to enhance the work-lives of their employees, and the home-lives of their residents. As the chart below shows, a tremendous amount of a company’s value is attributed to its public reputation worldwide and by extension, the positive impact employing ESG policies can have on the overall perception a company has in the marketplace.

Source: https://cuttingedgepr.com/good-corporate-reputation-is-vital-especially-during-covid-19-times/

Companies that hope to attract the next generation of talent, long term, loyal residents, and the next round of funding from environmentally conscious investors will need to continue implementing and updating their training and internal review programs to stay current with social trends and ethical expectations.

Do ESG-Conscious Real Estate Companies Provide Greater Returns?

 

While initial investments for building and retrofitting properties involve additional costs, these investments quickly produce higher returns because of the resulting increases in rents, longer tenancies, and cost savings overall. Furthermore, as society expects more environmentally friendly and socially conscious standards, companies that embrace impactful investing will be better positioned to attract this growing body of consumers.

In many ways, ESG-focused developments actually result in lower expenditures than had been required in the past. Environmentally friendly landscaping practices with more natural designs demand less maintenance. Lower electric and water usage results in lower utility bills for residents and operators, allowing for more competitive rents and higher occupancy rates.

While their involvement in the communities of their markets is not the primary reason investors choose to put their money with one company over another, there is a tremendous amount of hidden value for all parties in this.

Connection to local communities and charities delivers returns in unique ways that are not noticed by many.

  1. The community comes to see the brand as a collection of individuals, not a corporate behemoth. This can have various benefits, including a reduced need for advertising and marketing expenditure as positive word of mouth, either in-person or via online reviews, helps promote the brand and its assets.
  2. The company can attract employees who would be excited and willing to spend their time (some paid, some volunteering) to help the community in which they live and work.

This willingness to give back is an excellent filtration method to identify employees who are interested in growing with the business and who are committed to a connection with their community.

The amount spent on hiring and training is dramatically reduced as those who fit the business’s persona (a company that gives back) will embrace the corporate culture more readily and be happier in their work knowing they are contributing beyond just their workday to the community also as a result.

  1. The company saves on recruiting costs through internal promotions and commitment to their employees.

Instead of hiring a third-party talent scout or dedicating an internal employee to perpetually hunt for potential managers, talent can be found within the current employee roster. Further, the knowledge that a company does promote from within encourages entry-level talent that might otherwise take their job search elsewhere.

  1. Strict and clear internal governance policies serve to ensure investors that employee integrity is maintained to the highest degree, communicating to investors that the company is run by professionals who are willing to spend time, money, and effort to do everything possible to protect the health of the company and the integrity of the brand.

Sustainable Companies Will Trailblaze While Others Simply Follow

Not every company is fully committed to ESG practices, but here at Lloyd Jones, we recognize the growth possibilities of this mindset, the importance to our people on a personal level, and the value it brings to our residents and investors.

While Impactful Investing may remain less prevalent in corporate America than the drive solely for profits, we believe it better to stay ahead of trends, and prefer to lead the way in our industry for the common good.

Why Is Senior Housing an Opportunistic Investment?

In the world of real estate, investors make every effort and invest lots of capital to accurately predict the course of the market. What type of asset will be desirable? Who are the consumers that will want it? When will the level of demand reach its peak? Where will consumers want these assets? How much will consumers be able to pay for a particular asset type and class?

With real estate asset types like industrial, retail, and multifamily, some variables are often difficult or impossible to accurately predict due to factors that may be peripherally related to the subject market.

With senior housing, many of these variables are partially or entirely negated with simpler predictive qualities; a quick look at some basic demographic and income charts gives the bulk of information needed to make accurate investment decisions. Beyond that, senior housing does not relate to consumers’ wishes as much as it relates to their needs.

These factors make senior housing an exceptionally safe investment choice, so long as the investments are with businesses that intend to deliver forward-looking, innovative care models. Blindly throwing money at just any senior housing investment is not advisable in any way, as dated ideas and buildings that are past their peak will not be attractive to residents.

This chart showcases annualized returns by asset class over a number of years. Pulling data from a very anomalous time in the real estate world, right in the heart of the COVID crisis. However, it’s still possible to see that senior housing is an asset class that, though it may take time, delivers outsized returns compared to other types of real estate.

The key driving force behind the growth of senior housing and our ability to predict with certainty that there is growth is the enormous influx of baby boomers reaching ages requiring senior housing. Baby boomers are that generation of people born post-WWIII between 1946 and 1964 that will, in its entirety, have aged beyond 65 years old by the end of the current decade. The current market lacks the supply to fulfill the future need, and a considerable percentage of locations and demographics have historically been unserved due to their location or economic situation.

The combination of these factors spells opportunity for the senior housing industry, real estate investors, as well as future residents who will have a retirement experience they earlier assumed was only for the extremely well-to-do.

We all know that past performance is no guarantee of future successes, but we can predict with certainty that demand will rise and will rise significantly for senior housing, and we also know that supply is restrained. This provides us with an unusually transparent opportunity to review the factors that will determine a good (or bad) investment and to act accordingly. Here are some of the specific points that make senior housing such an attractive investment.

Related: Why You Should Add Commercial Real Estate To Your Investment Portfolio

Looking to invest your money instead of losing its value sitting in a bank? Check out Lloyd Jones for investment opportunities that will make your money work for you!

Senior Housing Is in High Demand Due to an Aging Population

With the baby-boomer generation aging out of the workforce and into the period in which they will need increased health-care and assisted-housing services, the demand for senior housing communities increases with each passing year.

An investor’s most valuable information in any industry is an advanced notice about the future demand for a product or service. This advanced notice has been available to anyone interested in looking at census data for half a century with the senior housing market.

Baby boomers have been an attention-grabbing generation for the entirety of their existence, and the entry into their golden years is no exception. It is impossible for real estate, healthcare, and many other industries to ignore the fact that the largest single group of retirees will be entering into systems that are simply incapable of handling the sheer numbers coming their way.

While the moment where demand outpaces supply has not quite arrived yet, that moment is not far in the future. The land is not cheap, and construction is not quick, so even in instances where distressed hotels and other existing assets can be renovated and repurposed for use as a senior housing community, the time for investors to act is sooner rather than later.

Capturing Underserved Markets With the Proper Price Point

One of the keys to growth in the senior housing industry is focusing on historically underserved demographics. In the past, there have been millions of middle-income individuals for whom the industry has failed to provide appropriately priced services, aiming above and below them.

The industry has been losing out on this group’s business at the same time that these millions of seniors have missed out on getting the care that would have substantially improved their quality of life.

This large group of seniors in the middle of the economic spectrum were too financially well-off to qualify for subsidized or “affordable” housing. Conversely, they were not well-off enough to afford the more boutique-style senior living facilities, so a large portion of this economic class opted to pay for in-home health aides, remain in their homes for as long as possible, eventually moving anyway to some form of assisted living.

The results have not been positive in either the financial sense or overall health outcomes. According to the CDC, falls result in over $12 billion collectively in out-of-pocket expenses for patients across the nation each year. On top of that, in many cases, the health of these individuals suffers when easily treatable issues go untreated simply due to infrequent medical examinations. Ironically, these individuals who opted to hold off on senior living ended up needing it sooner rather than later due to their choice to avoid it for as long as possible.

This is an instance where the senior housing industry must make simple changes to deliver notable results for investors and to reach this type of resident that the industry has thus far overlooked. The senior housing industry needs to connect with these middle-income seniors, both economically and in terms of messaging. The branding needs to communicate that senior housing has a place for them, it is a good choice for their health, and it is not an overpriced luxury designed for someone other than themselves. 

Capture Secondary and Tertiary Markets: Make Residents’ New Home the Same as Their Old Home

One of the significant changes coming is that senior housing will no longer be limited to densely populated urban areas. Rapidly aging baby-boomer populations that made homes in suburbs across the nation will make senior housing both profitable and necessary in those areas.

Even more specifically, for many in this population, the only way they will make the move to senior housing is if it is near the neighborhoods that they have called home for decades, where they have raised their children, where they have established a network of friends, or where their families live.

Interested in exploring the benefits of investing in multi-family development? Lloyd Jones is the one-stop shop you’ll need to learn everything there is on the subject.

Is Senior Housing Recession-Proof?

Unlike economic choices that consumers can delay during a recession like buying a boat, home, or any other product or asset, delaying a move to senior housing is not something that can go on indefinitely. The physical realities of aging grow with time and must be addressed.

Even during the last couple of years when the COVID pandemic resulted in many seniors putting a hold on their plans to move, the market has not been seriously dampened. Despite the most extreme, disruptive force in the history of senior housing, modern economics and growth predictions of recent years are still equally accurate due to the “senior tsunami” that is upon us.

Arguably, these estimates might now appear to be too conservative as many seniors and those soon entering the ages requiring assistance have experienced the challenges of everyday life during COVID without any health issues.

Though dated, the graph below does an excellent job of demonstrating how senior housing rental rates did not respond to the global financial crisis of the 2008 to 2010 period in the same way as other asset classes did.

The senior-housing industry was the one asset class during that black swan event that saw only a very mild reduction in rental rate growth. Utilizing savings, selling their primary residences, turning to insurance, or leveraging offspring income streams among other income sources, residents of senior housing facilities maintained their rental payments even during times of economic downturns. In fact, before entering senior housing facilities, residents often worked with facility owners to establish financial plans to cover the final chapter of their lives.

The trends we saw during the pandemic painted a slightly different picture. While rental rates remained stable relative to other real estate asset classes reinforcing the trends we saw during the global financial crisis of 2008-2010, what we did see was a drop in occupancies. This was driven by regulatory and health concerns to protect residents, restrictions on accepting new residents, and a desire of the elderly to remain in their homes and stay isolated. This trifecta of factors, while causing a decline in occupancy did not impact rental rates for those in place but created a barrier to accepting new residents.

As the impact of the pandemic recedes, that demand is now flooding back. Indeed some senior housing providers are already reporting record move-in rates as residents seek to establish a home where they can be free of the burdens and dangers – physical, financial, and social – of living alone without any assistance.

Related: Understanding Institutional-Quality Real Estate

Senior Housing Has High Crossover With Tech and Healthcare Industries

The potential synergy of senior housing with other industries is almost limitless. Tech, healthcare, and construction are just a few areas in which innovations can and will change the nature of senior housing and the outcome it provides both residents and investors.

Some innovation is sure to be extraordinary, and here at Lloyd Jones, we are at the forefront of researching and implementing systems that enhance resident quality of life, reduce costs, and improve even further our levels of care.

Discovering New Applications for Existing Tech in Healthcare

The simplest of these technologies is video chatting, implemented (and quite successfully rebranded as telehealth) to benefit patients, facilities, doctors, medical staff, pharmacists, transportation specialists, and everyone else involved in the process of providing patient treatment.

Until the rise of telehealth, there were no options other than scheduling elderly patients for regular checkups and then telling them to come in when unusual symptoms emerged. With telehealth, doctors are now able to determine which instances require patients to come in for an office visit, which warrant a hospital trip, and which require nothing more than thorough monitoring of vitals and symptoms.

The amount of time, paperwork, money, and stress this has saved is almost incalculable. As the use of telehealth appointments increases, senior housing will provide superior health outcomes at lower costs when compared to seniors remaining in their homes.

New Health Tech, Better Patient Outcome, More Profitable Senior Housing

Remote patient monitoring is an example of technology that is now being implemented in various healthcare spaces and will certainly take root in numerous points of the senior housing continuum of care. Patients will be able to register various vital signs that will be automatically shared with doctors and health systems to identify common or targeted health concerns before more substantial and costly treatment is necessary.

The capacity and scope of remote patient monitoring is certain to grow and is an excellent example of an area in which forward-thinking senior housing communities will invest to provide better healthcare outcomes while they cut costs.

Related: How Social Connections Keep Seniors Happy, Healthy, and Living Longer

Why Senior Housing Is an Excellent Investment

The growing and unavoidable need for senior housing, the recession resistance of this asset type, and the opportunities to implement both new and existing technologies to improve profitability and health outcomes make senior housing among the best real estate investments currently available.

As with any investment, not only real estate, it is vital to remain at the forefront of trends and developments. Here at Lloyd Jones, we are capitalizing on these trends by acquiring and upgrading facilities to deliver the level of service that will soon become the gold standard for the industry.

As post-pandemic demand returns to senior housing, we are identifying opportunistic acquisitions that capture all the benefits of investing in this industry – at substantially discounted pricing. With a vision for improved care, a superior quality of life, and outsized returns for investors, we are convinced that now is a great time to capitalize on the growing demand for this asset class.