7.3 HRSR 01-04-2016 - Laserfiche WebLink

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SENIOR HOUSING ANALYSIS Senior Housing Defined The term senior housing refers to any housing development that 55 or older. Today, senior housing includes an entire spectrum occasionally overlap, thus making the differences somewhat ambig. However, the level of support services offered best distinguishes them. Maxfield Research and Consulting LLC classifies senior housing projects into five categories based on offered: Adult/Few Services; where few, if any, support services are provided, and rents tend modest as a result; Congregate/Optional-Services; where support services such as meals and light housekeeping are available for an additional fee; Congregate/Service-Intensive; where support services such as meals and light housekeeping ar included in the monthly rents; Assisted Living; where two or three daily meals as well as basic support servic transportation, housekeeping and/or linen changes are included ithe fees. Personal care services such as assistance with bathing, grooming and dressing available either for an additional fee or included in the rents. Memory Care; where more rigorous and service-intensive personal care is required for people with dementia and Alzheimers disease. Typically, support servi to those found at assisted living facilities, but the heightened demand more staffing and higher rental fees. These five senior housing products tend to share several characte individual living apartments with living areas, bathrooms, and k they generally have an emergency response system with pull-cords or pendants to promote security. Third, they often have a community room and other com socialization. Finally, they are age-restricted and offer conveniences desired by seniors, although assisted living projects sometimes serve non-elderly people with special health considerations. The five senior housing products offered today form a continuum following page), from a low level to a fairly intensive one; oft type overlap with those at another. In general, however, adult/few serv attract younger, more independent seniors, while assisted living tend to attract older, frailer seniors. 51 MAXFIELD RESEARCH & CONSULTING, LLC.