About 10,000 baby boomers are turning 65 every day. As these boomers continue to age, they will want or need to move into more suitable housing for their specific situations. Many of these options fall under the umbrella of senior housing, which range from senior-oriented facilities offering independent living options to those offering assisted care in many forms.
It is estimated that 100,000 units per year will need to be built between 2025 and 2040 to keep up with demand. (American Seniors Housing Association, 2016 Market Brief)
The profound growth dynamics of the U.S. senior population creates opportunities for early stage Senior Living Facility Developments as well as disruptive technologies that can improve elderly living conditions both in these facilities and in the comfort of their own home. Reshape recognizes this trend and has been focusing attention on these potential opportunities.