Dania Beach, Fla. (November 9, 2023)

Aging in Place: How to Meet Growing Demand

A silver tsunami of aging seniors—65 years and up—continues and is expected to double from its current 46 million to more than 98 million by 2060, according to U.S. Census Bureau data. 

Almost 80% of those 50 and older want to remain in their homes, a number that has held steady for more than a decade, according to a new AARP “Home and Community Preferences Survey.” Reasons vary. Some think doing so will safeguard them from financial loss; others want to stay because they love their communities and neighborhoods.

So, what are apartment developers and property managers doing to outfit units for residents’ safety as eyesight diminishes, hearing loss increases and mobility is challenged? Moreover, what are they doing to provide social connectiveness for those whose family and friends move away or pass away? The savviest apartment professionals face such challenges head on and view them as an opportunity to set themselves apart from competitors with the best features and plans.

Dania Beach, Fla-based property manager FirstService Residential gets hired by developers and community owners to work as a liaison between residents at 55 and better communities and neighborhood groups such as a fire department to simplify their operations. To date, it has partnerships with more than 1,000 of these communities, says Michael Mendillo, President of the group’s East Region.

There are also more products that developers and their staff can use to outfit spaces for safety without reinventing the wheel and which are now attractive rather than institutional looking.

To read the full article, click here: https://www.naahq.org/aging-place-how-meet-growing-demand

To read additional content about 55 and better communities, click here: https://fsresidential.com/corporate/news-and-articles/articles/55-and-better-communities-are-they-for-you/
Nov 29, 2023