Senior Housing refers to residential accommodations specifically designed to meet the needs of older adults, typically aged 55 and over. This type of housing includes a variety of living options such as independent living communities, assisted living facilities, and nursing homes. The aim is to provide a comfortable, safe, and supportive environment that caters to the lifestyle and healthcare needs of seniors. Senior housing may offer amenities and services such as meal preparation, transportation, recreational activities, and access to healthcare, allowing residents to maintain their independence while providing assistance as necessary. These communities are often designed to foster social interaction and enhance the quality of life for older adults.
Welltower Inc. is launching a private funds management business to attract third-party capital for healthcare and wellness real estate. An anchor investment from the Abu Dhabi Investment Authority provides a…