Elder Care Development LLC
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More than two-thirds of 65-year-olds will need assistance to deal with a loss in functioning at some point during their remaining years of life.

According to the U.S. Congressional Budget Office, “By 2050, one-fifth of the total U.S. population will be elderly (that is, 65 or older), up from 12 percent in 2000 and 8 percent in 1950. The number of people age 85 or older will grow the fastest over the next few decades, constituting 4 percent of the population by 2050, or 10 times its share in 1950. That growth in the elderly population will bring a corresponding surge in the number of elderly people with functional and cognitive limitations. Functional limitations are physical problems that limit a person’s ability to perform routine daily activities, such as eating, bathing, dressing, paying bills, and preparing meals. Cognitive limitations are losses in mental acuity that may also restrict a person’s ability to perform such activities. On average, about one-third of people age 65 or older report functional limitations of one kind or another; and among people age 85 or older, about two-thirds report functional limitations. One study estimates that more than two-thirds of 65-year-olds will need assistance to deal with a loss in functioning at some point during their remaining years of life. If those rates of prevalence continue, the number of elderly people with functional or cognitive limitations, and thus the need for assistance, will increase sharply in coming decades.” [12] The Company’s new and amenity-rich facilities will meet these growing needs while providing peace of mind for both residents and their loved ones.
[12] Congressional Budget Office. “Rising Demand for Long-Term Services and Supports for Elderly People.” June 2013. Source: http://www.cbo.gov/sites/default/files/cbofiles/attachments/44363-LTC.pdf

UPDATE June 2015

Findings from the CBRE's 2014 Cap Rate Survey reveal that seniors housing is still a potentially lucrative investment for tenured operators looking to grow, as well as opportunistic developers seeking diversification from typical multifamily projects.  While construction activity is currently in a high growth expansion phase in certain markets, the total supply is still not enough to meet projected demand for units.  According to the survey's findings, current supply will have to increase by approximately 150% to meet demand in 2044, with a substantial shortage in 2024.  CBRE reports around 40,000 senior living dwellings must be added each year to meet demand.  For comparison, the current construction rate of senior living units is about 16,000 units each year.
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Elder Care Development, LLC 
49 South 4th St., Central Point, OR 97502
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