Seniors face rent hikes despite rise in independent-living units

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Seniors face rent hikes despite rise in independent-living units Higher vacancies aren’t translating into lower rents for seniors living facilities, according to a new report BIA questions city’s ownership of $17.7-million Hastings-Sunrise parking lot

Skilled nursing posted the second highest rent growth, increasing 2.8% during the quarter, and independent living came in at a close third, reporting a 2.7% increase. Despite these increases, the.

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Seniors, their children and grandchildren tend to meet at resorts, take cruises or rent private homes for family reunions. More than 50,000 Americans are age 100 or older. For the 2010 census the US government counted 53,364 people in this age group.

Cities and counties could dramatically expand their efforts to cap rent hikes at a time when millions of California families face high rent burdens and the. With its array of low-rise office parks,

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Minnesota senior community pushes back against ‘astronomical’ rent hikes. But her sense of stability was shattered just before Christmas, when a new lease contract was stuffed in her mailbox. At first, Dahlquist thought the document was a mistake. It showed her monthly rent jumping from $2,600 to $3,000.

Independent living. This is any housing arrangement designed exclusively for seniors. Other terms include retirement communities, retirement homes, senior housing, senior apartments, or any housing friendlier to older adults. assisted living facility.

With the recent rise in the Federal Funds rate and plans for further increases this year. below shows the 10 largest construction markets of new senior communities. Note that 99% of CSU’s units are.

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Despite the removal of majority NC units from inventory, occupancy contin-ues to fall, with the stabilized rate declining for a third consecutive year. The rate reached 86.1 percent in 2017, down 70 basis points year over year. Rent growth remains steady despite falling occupancy, driven by rising healthcare costs.

Pre-retirement seniors face a big wealth gap The report found a big difference between today’s retired population, and the current over-50 demographic. Many signs point to a degree of stability.

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The state’s brisk population growth has created what appears to be a housing shortage, said Jim Wood, economist and senior fellow at. “The boom has added 20,000 units statewide since 2012, a 7.