Retirees Finding Housing In Their College Towns
According to a study by the Ziegler Capital Markets Group of Chicago, there are more than 50 continuing-care retirement centers on or near college campuses, a 30 percent increase over the last decade, with 2,000 such centers nationwide. Another 33 centers or so are on the drawing boards.
Daniel J. Hermann, the managing director of Ziegler Capital Markets, called the centers “a very popular theme right now with retirees.” Mostly developed by nonprofit groups, continuing-care retirement housing provides several levels of care, allowing residents to age in place rather than move from one residence to the next as their health declines.
One benefit of being in a retirement center at a university is that the residents tend to be highly educated and vocal in their demands. The residents tend to have multiple committees and they essentially manage everything. No one is sitting around playing bingo.
Real estate agent Caesar Parisi stands ready with effective advice on buying or selling a Boca Raton Luxury Home.
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