<a href="https://alfforsale.com/senior-housing-occupancy-in-florida/" rel="bookmark">Senior Housing Occupancy Hit New Record-Low Of 78.8 percent</a>

The U.S senior housing occupancy rate hit 78.8 percent in the first three months of the year 2020, which is a new record-low level. According to NIC MAP Vision data, the occupancy rate is 1.8 percent less than it was in Q4 2020 and about 8.7 percent less than the year before. There are lots of assisted living properties for sale. The best company in Florida to help you get the best housing plans is ALF For Sale. In the first quarter of the year, assisted living occupancy was less than 75.5 percent, with independent living occupancy sitting at 81.8 percent. Find out about senior housing occupancy and how you can get access to one. 

What Does The Senior Housing Occupancy Entail?

The general occupancy statistics show that some markets performed above national averages, with the leading pack being San Francisco leading at 84.2 percent senior housing occupancy, San Jose at 83.4 percent, Houston at 72.9 percent, Atalanta and Cleveland at 73.5 percent and 74.2 percent, respectively. 

The statistics reflect that covid-19 vaccine clinics held in senior residential communities in the first three months did not immediately reflect the census gains. As there’s an increase in the lift of move-in moratoriums, operators make more inquiries from potential leads, residents, and property tours. With that, occupancy may skyrocket in the coming months ahead. 

What Is The Current Trend of Senior Housing Occupancy?

There are promising signs that show that occupancy may be troughing. There have been three straight weeks of gains in occupancy in the senior housing operating portfolio made up of almost 650 properties. As of April 1, occupancy in this portfolio stood at 74 percent. 

Another occupancy stat shows net move-ins and move-outs looked up a net positive every year for the first time since the pandemic began. The average statistics stand at 70.1 percent to 80 percent depending on the location. There’s a natural lag between first inquiry and move-in for senior living, and the trends keep rising. 

What’s Your Next Housing Plan?

With the new record-low of senior housing occupancy, it isn’t out of place to seek a suitable living property for sale. As the statistics keep taking an upward and downward spiral, you should flow with the trend. You need a reputable housing and property company to help you with the process of getting a suitable housing fit for you. 

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The new record-low by the senior housing occupancy is an indicator of trends to come in the future. It is only suitable to hop on the movement, so you don’t get left out. You don’t need to search online for housing services in Florida. ALF For Sale is just one call away to offer you a consultation and assist you in getting affordable living properties for you. Why wait? Call us here at (813)-285-4437 to speak with an expert directly. You can also schedule an appointment in a few seconds. Make a move now!

<a href="https://alfforsale.com/senior-housing-construction-in-florida/" rel="bookmark">Senior Housing Construction Financing Starts To Return, But Expect Recourse And Close Scrutiny</a>

The senior housing capital market shows signs of regaining balance, which is a good thing, especially for projects delayed by Covid-19.  Banks have begun underwriting construction and development financing, but they often demand recourse in return from borrowers. Recourse requirements for construction financing are starting to lessen and may result in lending activities and a rise in new construction. This occurrence, however, depends on factors such as confidence in vaccination procedures and demand for senior housing comes through. If you need a reliable firm that can put you through the process of senior housing construction financing in Florida, ALF for Sale is your right choice. Learn more about how ALF For Sale can help the recourse process and construction financing. 

What Does Senior Housing Construction Financing Entail?

Last year, the equity and debt markets returned to the sidelines and chose to wait out the halt brought about by the wave of Covid-19 positive cases. Lenders went back to the needs, private debt occupied the void created by national banks, and underwriters found favor in structured deals. Regional banks requested recourse in some measures, depending on equity brought by the borrower to a development. Before the pandemic, banks gave non-recourse loans at loan-to-cost ratios of 55% to 65%. Presently, these non-recourse loans go at ratios of 40% to 50% range. And this might remain the standard for the near future. 

What Other Events Followed?

National banks and big regional banks chose to satisfy their existing clients with excellent development records throughout the pandemic, dividing deal size. Projects that required construction financing below $25 million could secure loans. Projects with the $40 million cost to $50 million range had more changes to need syndication to land financing. Banks increased recourse requirements, thus opening up more avenues for private debt funds to provide non-recourse debt, although at high rates. Currently, private funds offer a non-recourse debt rate at a 75 point and 100 point basis, higher than interest rates offered by banks for recourse debt. So, weigh your options and choose which is best for you. 

Why Do You Need Us?

Lenders now conduct stringent scrutiny, checking market demographics and construction pro formats to ensure it is worth underwriting. Developers and operators have to access their development channels and prioritize projects with high chances of success. At ALF For Sale, our senior housing collection comprises various communities in medium and high-end markets in Florida. We are searching for avenues even in neglected markets to tap the potential. Operators and owners should discuss at the onset of a project to note areas of improvement. It is essential in this period as baby boomers become aged, leave the workforce, and gravitate towards senior housing. Trends such as swimming pools, centralized common spaces, organized outdoor areas, and fitness centers will increase future demands. Reach out to an operator early so they can discover opportunities for design elements of your vicinity. 

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ALF For Sale is available to guide you through financing senior housing construction in Florida and ensuring you get the best and nothing less. Take this opportunity to work with an experienced team of professionals. Call us today for a free consultation. 

<a href="https://alfforsale.com/residential-care-in-tampa/" rel="bookmark">Biden Pledges ‘Laser-Focus’ On Vaccines For Residential Care, Targeted Interventions For Assisted Living</a>

As soon as he took office as President on January 20th, Joe Biden released his national strategy for combating the COVID-19 pandemic. His 200-page plan called for “laser focus” on getting vaccines to high-risk individuals, including those in Florida residential care facilities. Also highlighted in his plan was “targeted surge assistance” to help contain outbreaks in vulnerable communities, including assisted living facilities. If you have been looking at an ALF for sale in Tampa, there are some points in his plan that may be advantageous for you to hear. To learn more, visit ALF For Sale today.


Biden’s Plan For Getting Vaccines To Those In Residential Care Facilities

A key part of the new administration’s national strategy is accelerating the pace of vaccinations for high-risk individuals, more specifically, essential workers and people over the age of 65. Biden has emphasized “laser focus” on making sure these people have access to the vaccines needed to prevent the spread of COVID-19. High-risk individuals should be prioritized because COVID-19 has a higher chance of being life-threatening to these people.


Part of this plan includes building on the CDC Pharmacy Partnership for Long-Term Care (LTC) program, which partners senior living communities with both CVS and Walgreens pharmacies to ensure long-term care residents and staff all receive their vaccinations quickly and efficiently.


The American Seniors Housing Association’s (ASHA) Response

For the most part, the ASHA supports Biden’s efforts to expand the LTC Pharmacy Partnership to accelerate vaccine distribution. However, President David Schless has voiced a few concerns about the new national strategy. 


One concern he has is that expanding eligibility to other workers and younger individuals, as well as releasing more supply, will threaten the supply available for these high-risk groups. He claims that the two-dose approach is dependent on “moving parts working together,” and that releasing more supply may stress the system and lead to the second dose not being widely available when it is needed.


While the ASHA is still encouraged by and in support of the new approach, Schless wants the administration to include all types of senior living in the LTC Pharmacy Partnership, including independent living.


Other Aspects Of The National Strategy

In addition to the above-mentioned plans, Biden has also signed several executive orders to fight against COVID-19. One of these calls on the Department of Defense and the Department of Health and Human Services to provide assisted living communities and other health care providers with “targeted surge assistance” to help communities that have been disproportionately affected. Overall, the new national strategy emphasizes a sweeping and transparent approach to fighting COVID, with a focus on vulnerable communities such as assisted living facilities. 


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Residents, staff, and owners of residential care facilities in Florida should be encouraged and excited by the new national approach, which emphasizes widely-available vaccines and prioritizes high-risk individuals. If you are looking to find more information on what you can do as an owner or manager of an assisted living facility, contact ALF For Sale to speak with one of our knowledgeable representatives. 

<a href="https://alfforsale.com/residential-care-facility-for-sale/" rel="bookmark">5 Tips On What To Look For In a Residential Care Facility For Sale</a>

Are you thinking about purchasing a residential care facility? These properties offer a substantial margin for growth opportunity, and increasingly have become an attractive prospect for real estate investors. Before you take the plunge on purchasing one of these assisted living properties for sale, it’s important to consult with an expert first. The professionals at ALF For Sale can assist you every step of the way. Read on to learn the 5 tips that we recommend looking into before making your decision.


Every state has different licencing requirements for their residential care facilities depending on what services and capabilities the property offers. A few of the most common licences for assisted living homes are Adult Residential Facilities (ARF), Residential Care Facilities for the Elderly (RCFE), and Group Homes (GH). It’s best to contact a professional so you know what is needed before going forward with the sale. 


Next, make sure to look into whether that facility can be operated in the area it’s located. This includes zoning requirements, HOA, fire systems, ADA compliance, and much more. Do your research on government standards and even the layout of the residential care center for sale. The more planning you do, the fewer hiccups you’ll have along the way. 


What are your financial goals? How much money do you plan on making annually on the assisted living center. Also figure out where the money is going to come from before you pursue the sale. Remember that most investors require 20% down on a residential care facility. Don’t forget about overhead costs and whatever cash flow issues may pop up along the way. Create a business plan for a better chance at long term success. 


Your facility will need residential care professionals to work at the location. Before the sale, considering the massive staffing requirements for assisted living homes. They require 24 hour, 7 days a week staff with educational and experiential requirements. You have to make sure that your workers are fully brought up to date on any specific training they need for the location. 


Last but not least is the ability to honestly look at yourself and make a determination on whether purchasing a residential care facility is actually something you want to do. Putting away the for sale sign is the easy part. There will be a lot of growing pains and requirements to make the opportunity worth your time. If you can look into the future and see yourself succeeding at such a challenge, move forward with your investment!

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Deciding to move forward on a residential care center for sale is no easy task. Every facility has their own licensure and zoning requirements depending on the location. Take into account your potential staff and your financial situation as well. For more information, contact the professionals at ALF For Sale. Start your future today!

<a href="https://alfforsale.com/senior-community-in-florida/" rel="bookmark">Are You Prepared to Invest in a Senior Community in Florida?</a>

Many people aspire to build their own senior community, but let’s be honest; it takes more than inspiration to turn dreams into a reality. So what else will you need if you already have the inspiration and knowledge to create your facility? The answer is money! 


Now you may be wondering, just how much money does it take to create a new senior facility in the state of Florida? That’s where we come in. Here at ALF For Sale, we help our clients purchase or sell an assisted living facility.


How much money is Needed to Start a Senior Community in Florida?


The amount you’ll need to create your senior facility depends on several factors. Here are some questions to ask yourself before you create your budget for this project:

  • What is the current cost of real estate in Florida?
  • Are there any changes or repairs needed in regards to the property? If so, what are they, and how many?
  • Will you be working on-site at the facility? 
  • How many, if any, staff or managers will you need to hire to help with the work?


The exact cost of your new assisted living facility will vary, of course, based upon your personal choices. But listed below are a few things you need to consider before getting started.


How much will my down payment be?


Regardless of whether you’re buying, converting, or building your senior facility from the ground up, it’s very likely you will have to source the cost through an outside lender. As a rule of thumb, you should be able to provide at least 25% of the cost for the down payment. You may be able to find a lower price, but it’s best to be safe and over-prepare. 


What are my start-up costs?

You are going to need furniture, equipment, and supplies for each unit and for the various common areas throughout your facility. The cost will also depend on the size of each unit, as well as the quality of furnishings you decide to provide, but a good estimate would find you spending between $3000 to $5000 per unit.


How much working capital will I need?

Once your facility is up and running, you aren’t done just yet! You still need to be able to pay your employees. If you’re taking over an existing senior care facility, talk to the previous owner to get an estimate of much capital you’ll need. Typically, 30 to 60 days worth of your expenses, including mortgage payments and employee payout, will generally suffice. However, if you’re building your facility from the ground up and hiring all new employees, you will need to have much more. A safe number would be six months’ worth or possibly more, depending on how large your facility is.


If you keep all of these things in mind, you should now have a good idea of how much money your senior community is going to cost. It takes time, but with deliberate planning and ALF For Sale, you can make it happen! Good luck! 


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ALF For Sale is a Florida based company that offers available assisted living communities for sale. Call or visit us today for more information.