Homes for the elderly, as defined by the US Census Bureau, include facilities that offer residential and personal care services; these companies do not offer onsite nursing care. Senior apartments, independent living communities and assisted living facilities are classified under homes for the elderly, where services may include room, board, supervision and assistance in daily living, such as housekeeping.
Overall, the occupancy rate for senior housing facilities has been consistently growing during the past five years. In the second quarter of 2013, the average occupancy rate for both independent living facilities and assisted living facilities averaged 89.0%, according to the National Investment Center for the Seniors Housing and Care Industry. Occupancy rates showed improvement in 2014 compared with previous years, suggesting that the recovery will remain stable.
Senior apartments are residencies that are legally restricted to seniors aged 55 and older, not required to be licensed and often have income restrictions. They are similar in design to “family” complexes, except they usually have elevators, interior halls, more common area, and only one and two bedroom plans. Senior apartments do not have central kitchen facilities and generally do not provide meals to residents, but may offer community rooms, social activities and other amenities. Kirt Eure