Now, keep up to date
with daily feeds of newly posted stories
about America's Seniors...click on the box
to the left
Assisted Living Construction Lagging Behind
Baby Boomer Demand
May 4, 2011-- A leading analyst on assisted
living and senior housing predicted on the
Commercial Real Estate Show that baby
boomers could be in trouble when they start
looking for assisted living facilities —
unless construction increases rapidly.
“Are we building enough to meet the levels
of demand? I think the simple answer is
probably not,” Mike Hargrave, Vice President
of the National Investment Center for the
Seniors Housing and Care Industry, told
radio host Michael Bull. “We’re looking at
long, sustained growing demand starting in
2015 and construction has to pick up in
order to meet the demand.”
According to Hargrave, construction on new
units for seniors housing is down 75
percent. With construction on new units
continuing to dip, available space is barely
meeting current demand from the market. And
as baby boomers inch closer toward their
twilight years, the need will continue to
increase.
The show aired Saturday on Biz 1190 WAFS in
Atlanta.
The next Commercial Real Estate Show will
air April 30 and will include guests from
the largest market data and research firms
in the industry. Guests will include Dan
Fasulo, managing director at Real Capital
Analytics; and Chris Mack, senior real
estate strategist at CoStar Group.
About the “Commercial Real Estate Show”:
The “Commercial Real Estate Show” is
America’s commercial real estate talk radio
show. The show is known as an entertaining
and enlightening resource about commercial
real estate. The show airs every Saturday
morning at 10AM EST online at the show
website, www.CREshow.com and on Biz 1190
WAFS in Atlanta. Show podcasts are available
on-demand at any time worldwide on iTunes
and on the website.
The “Commercial Real Estate Show” has
quickly gained a national and international
audience. Each show starts with a commercial
real estate market update related to the
show topic by well-known national experts.
Then the show host and a panel of three to
four industry expert guests share
information, insight and best practices
related to each show’s main topic. The show
host is 30-year commercial real estate
veteran Michael Bull, CCIM, the president
and founder of commercial brokerage firm
Bull Realty, Inc.
... ..
...
...
