Senior Housing is a complex industry where property types are distinguished by the level of services provided. Independent Living Facilities (ILF) are the least service-intensive, providing no services beyond community activities. Congregate Care is a subsector of ILF, which does provide some assistance with daily activities, shared meals, and a full time staff. Assisted Living Facilities (ALF) go beyond ILF to provide personal care for daily living needs and minimal medical services such as reminders to take medicine. Skilled Nursing Facilities (SNF) and Memory Care Facilities provide full service including medical. SNF have 24-hour medical care administered by registered nurses supervised by physicians. Most properties lease rooms by the month and costs of occupancy vary by which services the resident elects to receive. Such is the case with Assisted Living Facilities and Skilled Nursing Facilities. ALF rents range from $800-$4000 per month and the national average is $3,031. SNF typically charge by the day with average daily rates of $191 or $69,715 annually. ILF and Congregate Care units can be purchased or rented. Medicare, Medicaid and other government programs subsidize senior housing costs for many residents in SNF. Continuing Care Retirement Communities (CCRC) incorporate every stage of care from ILF to SNF in one development and residents can move between levels depending on their health and services needed. Most senior housing developments are valued on a per bed basis. According to Marcus & Millichap, in mid-2008, the median price per bed for Assisted Living was just under $150k, for Independent Living just over $100k, and for Skilled Nursing just under $50k. The number of beds can range from 25 to over 300.
| Job Title / Description Hide Description | Company | Location | Posted |
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benchmark senior living, based in wellesley, massachusetts is the largest privately held provider of senior living services in the northeast and is committed to setting the standard of excellence in senior housing. the company develops, owns and manages an array of senior living communities wh...
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Benchmark Senior Living | MA-Wellesley | 5/20/13 |
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the development project coordinator serves as an integral part of the development department providing coordination and project support for the department with respect to all aspects of the development function including: new development projects; value-add development projects; and special pr...
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Benchmark Senior Living | MA-Wellesley | 4/18/13 |
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company description
the company is an institutional real estate private equity firm investing in assets nationally through strategic partnerships with top-tier operating companies. the firm was founded by recognized leaders from the private equity and real estate industries and ...
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Confidential | CA-Westlake Village | 4/15/13 |
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csh seeks vice president of development
csh is responsible for the acquisition, disposition and management of a portfolio of commercial real estate assets located throughout the united states, with a focus on seniors housing. csh’s capital partners consist...
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Capitol Seniors Housing | DC-Washington | 4/15/13 |
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