As noted in January’s Hard Hat Chat post about commercial real estate trends shaping Englewood’s work in the year ahead, we expect 2018 will maintain the same strong momentum we’ve recently experienced working with owners and operators to update existing senior communities. What’s driving the uptick in renovation and remodeling activity in this sector? For one, with aging Baby Boomers spurring more demand than ever for quality senior living options, property owners and managers are undertaking construction projects to improve senior communities to match the bar set by new players entering the market. Additionally, many national senior housing operators are in “acquisition” mode and are boosting their portfolio by snapping up value-add properties they can remodel and put under their brand umbrella.

Updates to common areas and amenities are a smart investment for senior community improvement and facility budgets, since these spaces have such high impact with residents and their families..