Working with my kids has been an incredible opportunity to continue to be a part of their lives as I pass on wisdom , insights and get to help them become the amazing adults they are today . To be part of their lives , beyond those first “ 18 summers ”, has been the best part of all .
My daughter , Isabelle , is the COO of the AL Family group of companies . She ’ s an absolute " Rockstar "! That ’ s what everyone who works with her says and I wholeheartedly agree . Here are her thoughts on working together as a family .
“ When Gene started his Residential Assisted Living Academy , I thought it was just another real estate business . I had no idea what the future impact would be from the work he was doing . I never would have imagined we could come this far , this fast ."
" He once asked me to come visit one of the homes and meet the residents . He explained how his heart had grown and changed since his mom , my grandma , needed care . She had already passed by this time , but his willingness to help other seniors had grown exponentially , and he shared his new passion with us . Seeing that , and all the work he was doing to grow the Residential Assisted Living Academy was inspiring !"
" He genuinely wanted to create a solution that did not exist , and he saw the bigger picture . The Silver Tsunami of Seniors was coming , and he knew this was the right time and the right place . Financially it made sense , but more importantly it was about " impact investing " and how we could feel good about making money AND helping people too ."
" I immediately started thinking how I could leave my job as a flight attendant to come work for him . I had skills in event planning and I knew Gene could use my help . I asked him to hire me and that ’ s where my journey with the family business began . I took over the organization of the live trainings . They started small , but today we provide training for people from around the world that want to learn about this incredible industry . As the COO , my responsibility is to implement Gene ’ s vision as the AL Family continues to grow ."
Residential Assisted Living Seniors Housing Statistics
Latest Statistics Available for the Coming of the “ Silver Tsunami of Seniors ”
OVERVIEW OF THE SENIOR HOUSING OPPORTUNITY 13,000,000 + People are 80 Years Old or Older Right Now 61,000,000 + Will become 80 or Older Over the Next 20 years 996,000 Assisted Living Beds Exist in the US Today 28,900 Assisted Living Communities Exist in the US Today
33 Is The Average Number of Residents Per Community 61 % Of the Beds are in RAL Homes with 425 Residents
THE PROJECTED NUMBER OF BEDS NEEDED BY 2029 2,296,000 Projected number of beds needed by 2029 1,300,000 New Beds Are Projected to be Needed by 2029
< 40,000 New Beds are Added to the Bed Count Each year . 1,000,000 Potential Additional Number Of Beds Needed
MONTHLY COSTS FOR ASSISTED LIVING IN THE US TODAY $ 4,051 Average Cost for a Private Room in an AL Community $ 11,288 Highest Average Rate in the US is in Washington DC $ 2,881 Lowest Average Rate in the US is in Missouri
3.64 % Average Annual Increase in the Monthly Cost of AL
DIFFERENCES IN THE TYPES OF SENIOR HOUSING AND CARE IL = Independent Living . Age Restricted Adult Community AL = Assisted Living . NonMedical Care for Seniors NC = Nursing Care . 24 / 7 Medical Care For Seniors
Sources : RALNA – RAL National Association www . RALNA . org NIC – National Investment Council www . NIC . org STATISTA www . Statista . com GENWORTH www . Genworth . com US CENSUS www . Census . gov
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