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By Ted Rollins
As the U.S. economy continues to shift toward embracing sustainability, senior and assisted-living options are also changing in response to socioeconomic issues. Bold new ideas, innovative “green” products and sustainability breakthroughs are factors necessary to stay competitive in today’s market.
New trends offer a wide range of options for senior Americans including eco-friendly housing and expanded amenities at traditional assisted-living facilities. By embedding sustainability into the infrastructure of these properties, companies can help drive innovation and cater to their residents, while reducing both their overhead and carbon footprint.
Newly-developed properties are embracing eco-friendly construction, in which recycled or local materials are used to build the infrastructure. Ecological building developed in response to the knowledge that buildings often have a negative impact on our natural resources.
Features of resource-efficient, ecological building of assisted-living facilities can include:
In fact, based on cost-per-kilowatt saved, energy efficiency can be cheap. It can also help to increase your profits by minimizing overhead and increasing your bottom line. Implementing efficiency programs can actually be a low-risk investment because of the accurate projections regarding your anticipated savings.
For existing assisted-living facilities, whole-building audits can calculate energy measurements specific to each building. In addition, instead of costly equipment replacement, upgrades and small improvements can make systems run more efficiently. In some cases, rebates, tax incentives and financing options are available to companies taking advantage of energy efficiency. In summary, we can no longer afford to underinvest in these types of programs that can potentially save money
Residents are now gravitating toward boutique amenities that enhance their quality of life including:
Image credit: Pixabay
Ted W. Rollins, Co-Chairman and Founding Principal of Valeo Groupe, is a seasoned real estate entrepreneur with more than 30 years of experience in real estate investment banking, development, structured finance, start-up businesses and construction. He is focused on niche opportunity investing in both real estate and financial service sectors, particularly those that balance economic, environmental and social outcomes.
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