McKnight’s Senior Living: Senior Community engagement: Being a resource for all generations
Author: C. Jill Hofer
Creating an environment where long-term residents and associates are satisfied is a goal common to all retirement communities. The leaders and innovators in our industry recognize that the shortest route to satisfaction is engagement. One of the best ways to engage any individual is to provide the opportunity to be part of a team working creatively and collaboratively toward a shared vision.
That leaves just one question. What shared vision would be the most meaningful, engaging and have the greatest overall impact? That was the question on the mind of Watermark Retirement Communities’ President and CEO David Barnes when he was inspired to expand our company’s vision to serve both ends of the age spectrum by establishing Watermark for Kids…
Senior Housing News: Best of CCRC Design 2015: Old Meets New
Author: Kourtney Liepelt
Location was the name of the game when it came to the development of Balfour at Riverfront Park, the 2015 Senior Housing News Design Award winner for “Best CCRC.”
Location is what prompted Balfour’s Founder and CEO Michael Schonbrun in 2005 to purchase the plot of land that would one day house Balfour at Riverfront Park, nestled in Denver’s Lodo neighborhood where the South Platte River meets Cherry Creek. Location is what inspired a certain cohesiveness between the retrofitting of the Moffat Depot, Denver’s second train station and a city landmark, and splashes of modernity throughout its interior. And location is what led Schonbrun to believe that a continuum of care in an urban setting would be viable long before such a notion was deemed plausible.
“We felt something of a contrarian plight, because there are a lot of people in the industry and outside of it who think that seniors should only be out in the countryside or suburbia, in a sort of ‘God’s waiting room,’ if you will,” Schonbrun says. “We think there are a lot of seniors who want to enjoy what a dynamic metropolitan area has to offer and still have new adventures and experiences. Denver provides that, and seniors can enjoy it as much as younger folks”…
Author: Teresa Ghilarducci
End-of-year round-ups are often forward-looking and cheerful, and a recent report from some bankers who sell home loans was no exception. What’s gotten the National Reverse Mortgage Lenders Association so excited was that in the past two years, the value of all the homes owned by America’s elderly has increased faster than the debt that group still owes in mortgage payments. In the fall of 2013, the nation’s elderly were estimated to have owned $6.28 trillion in residential real estate and collectively owed $1.43 trillion on their mortgages. Two years later, the houses were worth 15 percent more, but the mortgage debt had only increased 2 percent.
This bodes well for those who issue reverse mortgages. (In a reverse mortgage, a bank pays a homeowner a monthly sum as an advance on his or her home equity. When the homeowner dies, the reverse-mortgage lender has a claim on the house.) Bankers who specialize in reverse mortgages are pleased that these home values are going up because they will be able to sell more reverse mortgages to the few lucky elderly who have substantial home equity. But reverse mortgages can be a sign of economic desperation—only those without other options would consider one, since they don’t tend to supply very much in monthly payments and can result in years of asset accumulation being handed over to a bank instead of passed down to children…