Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.
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30 www.seniorshousingbusiness.com Seniors Housing Business n February/March 2017 JCH Consulting Group is a full service real estate brokerage that focuses solely in the long term care and senior housing industry. Our expert team has been successfully closing transactions since our founding in 1998. Are you attending the NIC, March 22-24, 2017? Scan here with your mobile device to schedule a meeting! Consider your deal sold when you sign with JCH Nick Stahler 714.463.1663 Nick@theJCHgroup.com Shep Roylance 805.633.4649 Shep@shepJCH.com Jim Hazzard 714.463.1677 Jim@theJCHgroup.com It's time to contact JCH 888.916.1212 | www.theJCHgroup.com ment, a debate is emerging as to whether a freestanding memory care building is preferable to one that offers both assisted living and memory care in the same footprint. In 2016, about 72,000 memory care units were located in con- tinuing care retirement commu- nities or majority assisted living facilities, more than double the number located in freestanding memory buildings, according to NIC. Assisted living buildings accounted for about 7,000 new memory care units in 2016, com- pared with 3,000 units in free- standing memory care buildings. Koelsch Communities owns and operates 22 buildings and has focused on the development of freestanding memory care facilities over the last eight years. Like other senior living providers, the com- pany tends to cluster its projects in specific markets. Koelsch has multiple properties in Dallas/Ft. Worth, Chicago, Phoenix, Seattle and Vancouver, Wash. The company recently opened Northbrook Inn, a freestanding memory care facility in North- brook, Ill., an upscale suburb of Chicago. The building contains 45 units and can accommodate 68 residents, typical of the company's memory care projects. The build- ings are designed in the shape of the letter "P" so residents who wander can safely walk around the central hub under supervision. Terry Hanson, vice president of business development at Koelsch, says there are pros and cons to freestanding memory care projects. On the plus side, a facility dedi- cated to memory care can tailor programming for residents with very special needs (see sidebar). "It's the best care model," says Hanson. About 50 percent of the residents at Koelsch's memory care facilities most recently lived in their own homes. The other half came from an assisted living building. Interestingly, Koelsch is building independent living units adjacent to its memory care project in Sur- prise, Ariz., but not assisted living units. The company's thinking is that independent living units will attract younger residents who will then age in place with home health or other services brought in to Hacienda at the River in Tucson, Ariz., will offer a range of services in three separate buildings of assisted living, memory care and skilled nursing.