09/15/2022
Welltower COO: Senior Living in 2022 Like Multifamily Industry in the 1970s
Senior living allows a great and comfortable way of living for seniors out there. Many families are worried about their elders. When they get too old, it can be difficult to manage them ourselves when we also have our own family to worry about as well.
Many families would choose to look for a senior living community to take care of their older families. The atmosphere is going to be perfect for them as their surroundings will be filled with people of their age. Socializing won't be too difficult either and this won’t stop them from living independently the way they want to.
In this article, you will find out what John Burkart, the COO of Welltower has to say about this. John Burkart is known to be in the multifamily industry for a long time now. To be specific, he has been investing in the multifamily market for twenty-five years.
As we all know, not many people are interested to get into the senior living market. There is a lot to take into consideration when diving into a new market. However, it is quite a surprise in this article to find someone who is considered as a veteran in multifamily to change their paths.
If you have had some thoughts on expanding your investments, you can check out this article and see if this would be a good addition to your investments. What makes senior living stand out though is that it makes a lot of sense and senior housing isn’t enough for the elderly. This is one of the many things that a lot of people may not recognize.
Senior living housing does not only offer a living space for your elderly. They also offer different types of living options for your beloved. These living conditions may be different from one another and here are a few examples:
Independent living
If your family would prefer a more soothing environment, this option would be best for them. They can have their freedom and they won’t feel restricted when living in independent senior housing.
Assisted living
Assisted living is a lot more personalized depending on the type of care your family needs. They will also get special care and attention when it comes to their socializing activities, health care, fun, and free time. This terns to be the best option for elderlies who require more specialized care and attention especially when they are required to take medications and such.
Short-term stays
This is great for the elderly to reduce stress. There are times when our old man would need someone to dine with during a meal. Even when we eat a meal all on our own, it could feel lonely at times and they feel the same way too. A short-term stay will also help families and especially their elderly loved ones understand if they would feel comfortable in a senior housing environment.
Memory care
Perfect for your loved ones who have been experiencing some form of memory loss or have been diagnosed with dementia or Alzheimers. This is most difficult to manage yourself. Deteriorating memories is absolutely scary and alarming when it comes to the safety of your loved ones. A memory care senior housing will be a great help for them to get the special services to help with their memory loss and is a great support to your loved ones.
Our loved ones are also growing older. This article may just spark your interest too. It would be a great and inspiring one if you have been considering investing in senior housing.
It is sometimes said that the senior living industry is a decade or two behind the multifamily industry -- but Welltower COO John Burkart believes you can
