SENIOR LIVING AND REAL ESTATE

Picture of Gloria Nakyanzi

Gloria Nakyanzi

URBRA Staff Member

Caring for the elderly is increasingly becoming difficult for many Ugandans. Carealth Services LTD is a non-medical care and wellness agency that provides care for senior citizens. It was founded in 2021 by Edward Kateregga, after he experienced difficulties caring for his ailing, elderly parents owing to his full time engagement in day-to-day jobs that hardly left any minute for him to attend to much else. URBRA’s Gloria Nakyanzi had a conversation with Mr. Edward Kateregga to understand his passion about improving lives through compassionate care, mental wellness and how Carealth Services enhances the quality of life for retirees.

As the global population ages, the demand for senior living facilities becomes ever more urgent. These facilities not only cater to the diverse needs of retirees but also present promising investment opportunities in the real estate sector. Let’s delve into the various types of senior living facilities and explore the considerations for constructing assisted living facilities, along with the benefits they offer retirees and their families.

Types of Senior Living Facilities:

Independent Living Facilities: Independent living facilities provide a harmonious blend of independence and community living for seniors. These residences offer an array of amenities such as meals, housekeeping, transportation, and wellness programs, enhancing residents’ quality of life while fostering a sense of belonging.

Memory Care Facilities: Designed for seniors with Alzheimer’s disease or other forms of dementia, memory care facilities offer specialized support tailored to their unique needs. From memory-enhancing activities to round-the-clock monitoring, these facilities provide a safe and nurturing environment that caters specifically to cognitive and emotional requirements.

Assisted Living Facilities (ALFs): Assisted living facilities are tailored for seniors or individuals with disabilities who require assistance with daily living activities. While promoting independence, ALFs offer a supportive and safe environment where residents can maintain their autonomy while receiving the necessary assistance.

In Uganda, it is now common to find some senior care facilities seamlessly integrating services catering to memory care, assisted living, and independent living for retirees. This integrated approach ensures comprehensive support tailored to individual needs and preferences.

Building an assisted living facility tailored for retired citizens is a multifaceted endeavour that demands accurate planning and a deep understanding of the needs and preferences of its future residents. Let’s explore some considerations behind retirees’ choice of senior living facilities:

Location: The choice of location is paramount, necessitating a balance between convenience and accessibility. Opt for areas easily reachable for residents and their families, with proximity to essential amenities like hospitals, pharmacies, parks, and shopping centres. Additionally, factors such as climate, local regulations, and community preferences warrant careful evaluation. 11/ URBRA Newsletter FY 2024/25

Common Areas: Foster a sense of community by incorporating communal spaces such as dining rooms, lounges, activity rooms, and outdoor gardens or courtyards. These areas should be designed for wheelchair accessibility and conducive to social interaction and recreational pursuits.

Healthcare Services: Forge partnerships with healthcare providers to deliver comprehensive on-site medical services, encompassing nursing care, medication management, physical therapy, and routine health assessments. Allocate spaces for medical consultations, treatment rooms, and rehabilitation facilities.

Safety and Security: Prioritize the safety of residents and staff by implementing robust security systems, including CCTV surveillance, access controls, and emergency alarms. Establish protocols for emergency evacuation and disaster preparedness to ensure swift and effective responses.

Personalized Care Plans: Develop individualized care plans tailored to the unique needs, preferences, and medical conditions of each resident. Regular review and updates, in collaboration with residents, families, and healthcare professionals, ensure ongoing alignment with evolving requirements.

Quality of Life Programs: Enrich residents’ lives through a diverse array of recreational, educational, and cultural programs. From social events and outings to fitness classes and hobby groups, these initiatives promote engagement and holistic well-being.

Family Involvement: Foster a supportive environment that encourages family involvement and communication. Host family events, support groups, and informational sessions to keep families informed and engaged in their loved ones’ care journey.

Blending these considerations into the construction of a senior facility demands a meticulous approach to structural design. Prioritizing the comfort, safety, and evolving needs of its residents is paramount. Let’s delve into the intricacies of this process, here’s an in-depth guide on pivotal considerations:

Accessibility and Mobility: Central to the design is accessibility, accommodating residents with varying mobility levels. Wide hallways, doorways, ramps, and elevators facilitate easy navigation, while handrails and non-slip flooring mitigate fall risks.

Adaptable Living Spaces: Embrace adaptability in living spaces to cater to changing needs. Features like adjustable countertops, roll-in showers with grab bars, and lever-style door handles enhance functionality. Customization options allow residents to tailor their living environment.

Safety Features: Prioritize resident safety with robust measures such as fire alarm systems, sprinklers, and emergency lighting. Emergency call systems and secure entry ensure swift response and prevent unauthorized access.

Healthcare Facilities: Allocate dedicated space for on-site healthcare services, equipped with necessary medical technology. Consulting rooms, treatment areas, and rehabilitation facilities support the delivery of comprehensive care.

Communal Areas: Foster community and social engagement through inviting communal spaces like dining areas, lounges, and outdoor areas. Design considerations promote inclusivity and cater to diverse interests.

Privacy and Personal Space: Strike a balance between communal living and privacy. Resident rooms should offer comfort, ample storage, and natural light while minimizing noise disturbances through features like soundproofing.

As the demographic landscape shifts and aging populations become increasingly prevalent, the role of assisted living facilities extends beyond the structural design and providing care for seniors. Here are key ways in which these facilities offer substantial advantages to the next generation:

Relief of Caregiving Responsibilities: With aging parents or relatives often requiring substantial care, the next generation frequently shoulders the responsibility of caregiving. Assisted living facilities present an alternative avenue for senior care, alleviating the burden on family members. This shift allows them to dedicate more time and energy to their own professional pursuits, family commitments, and personal well-being.

Professional Care and Support: Assisted living facilities employ skilled professional’s adept at catering to the unique needs of seniors. By entrusting their loved ones to capable hands in a supportive environment, the next generation gains peace of mind. They can rest assured knowing that their

 

family members receive the necessary assistance to uphold their health, independence, and overall quality of life.

Promotion of Intergenerational Relationships: Many assisted living facilities foster meaningful interactions between residents and younger generations. Through structured programs involving visits from local schools, community groups, or volunteers, these facilities cultivate intergenerational connections. Such initiatives nurture empathy, understanding, and mutual respect across age groups, enriching the lives of both seniors and the next generation.

Preservation of Family Dynamics: Assisted living facilities serve as neutral grounds, mitigating potential conflicts stemming from caregiving responsibilities within families. By providing a supportive environment for seniors, these facilities facilitate positive relationships among family members. Freed from the strains of caregiving duties, families can focus on enjoying quality time together and maintaining harmonious dynamics.

Financial Planning and Stability: Long-term care planning can pose significant financial concerns for the next generation. Assisted living facilities offer predictability and financial stability compared to the uncertainties associated with providing care at home or in other settings. By investing in or utilizing the services of assisted living facilities, families can better manage the financial aspects of senior care. This ensures that adequate resources are available to meet the evolving needs of aging loved ones while safeguarding their own financial security.

Senior living facilities serve as invaluable pillars of support for both seniors and the next generation. By offering solutions that prioritize independence, dignity, and well-being for older adults, these facilities not only relieve the caregiving burden on family members but also facilitate positive intergenerational relationships, fostering a brighter and more harmonious future for all. Senior living facilities also present promising investment prospects within the real estate sector, owing to several pivotal factors:

Growing Demand: The global aging population fuels a burgeoning demand for assisted living facilities. Retirees and their families increasingly seek top-tier senior housing options that provide comprehensive health and wellness programs, personalized care assistance, and vibrant social and recreational activities.

Stable Income Stream: Investing in assisted living facilities can yield consistent and reliable income streams. Monthly rent payments from residents cover essential expenses such as room and board, utilities, housekeeping, and a wide array of amenities and services. Notably, Real Estate Investment Trusts (REITs) like Diversified Healthcare Trust (DHC) own and manage a diverse portfolio, including approximately 28,000 senior living units, showcasing the enduring appeal and profitability of this sector.

Long-Term Appreciation: Well-conceived and expertly managed assisted living facilities possess the potential for sustained appreciation in property value. As the demand for senior housing continues its upward trajectory, properties situated in sought-after locations and offering exceptional amenities are poised to experience enduring appreciation over time.