CNL Healthcare Trust building care center in Orlando community
CNL Healthcare Trust recently announced its plans to invest $21.6 million into an assisted living and memory care center in an Orlando community, according to The Orlando Sentinel. Families with older members should consider the wealth of healthcare options for the elderly in the area and look at houses for sale in Orlando.
When construction is completed, CNL will feature a new 91,000-square-foot senior housing project, located right next to The Villages. The Villages is currently the largest retirement community in the country, as well as one of the fastest growing small urban markets in the U.S., according to GlobeSt.com. Adding buildings that feature increased occupancy as well as innovative and cutting-edge medical technologies can only enhance CNL's sterling reputation for providing medical care for the elderly.
"While still in its early stages, CNL Healthcare Trust continues to thrive on the investment potential in the senior housing and healthcare real estate sectors," Stephen Mauldin, the president and CEO, told the news source. "We are partnering with strong, experienced operators in regions where demand for needs-based senior housing is forecasted to be strong now and in the coming years. The thing you have to be concerned about is having a lot of programming and expertise to care for people with [senior health] issues."
According to The Orlando Sentinel, the 5-acre property will feature 96 residential units for elderly patients to stay overnight in while receiving any number of the varied medical treatments available at the facility. Prices for care will average approximately $3,500 a month.
One of the most prominent units among CNL's various senior housing facilities is its memory care unit. According to Mauldin, memory care unit occupancy accounts for more than 93 percent of the overall CNL Healthcare Trust portfolio. Additionally, the news source reports that an estimated 5.4 million Americans have been diagnosed with Alzheimer's disease, with another 1.3 million expected to be afflicted with the memory-loss disease over the next 13 years. The continued increase of Alzheimer's cases in the country puts an even stronger emphasis on the need for effective treatment and care options nearby, particularly in families with aging members.