Skip to Content

Senior living investors should avoid these temptations and pitfalls

February 18, 2020 Article 4 min read
Patrick McCormick
New investors to the senior care industry can avoid costly pitfalls by adopting an eyes-wide-open approach and a willingness to learn the nuances of higher acuity medical care. Read more at McKnight’s Long Term Care.
Hospital hallway

When it comes to one of real estate’s most attractive recent plays — senior living communities — grand doesn’t equal good.

One of the most common features of the more dated buildings I see are sweeping staircases leading up from an opulent hotel-style foyer. It might seem impressive at first glance, but for investors who’re considering buying the community, it should be a red flag. For more elderly residents, that staircase is a life-threatening tripping hazard that also could sink a company. And how are frail seniors meant to evacuate down those stairs in an emergency?

Many buildings with such features were designed in the 1970s and 1980s for the low acuity, social-care model of assisted living. Increasingly, however, they’re unsuitable for the more intensive medical elements that are in demand today.

Related Thinking

Doctor and patient
May 16, 2019

To catch the baby-boomer wave, elder-care investors need to think differently

Article 3 min read
Image of architects table with construction hat
October 17, 2019

Seven pitfalls to avoid when planning a senior living construction project

White Paper 1 min read
Nurse smiling and talking to a senior citizen in a wheelchair.
March 28, 2024

Maintain your EDGE®: 2024 Skilled Nursing Facility Benchmarking Report

Webinar 1 hour watch