Active Adult Retirement (AARC)
In evaluating the type of model most suitable for the emerging market RCC has carried out detailed analysis of the evolution of the American market:-
Over the last 15 years the emergence of AARCs has expanded. This is because:-
- The baby boomers are turning 55 (an American turns 55 every 30 seconds);
- Those in their seventies and eighties are staying healthier longer;
- Traditional care facilities are now caring for much older, sicker patients.
The AARC serves the five main requirements of its sector:-
- Outdoor property maintenance;
- Flexible housing options from villas to one floor living;
- Leisure, hospitality and social activities;
- Purchasing giving the financial benefit of home ownership;
- Discreet but excellent hospitality services and security.
A recent survey showed that 10% of all American households aged 55+ intend to move into a form of senior housing property in the near future. Of these 50% now choose to buy rather than rent. This explains why the equity (ownership) model AARC is gaining in popularity and the CCRC model is losing favour with new buyers.
A staggering 92% of residents of independent living communities said they would recommend their community to their friends and 94% said they were satisfied with their community.
