As the need for long term care continues to increase across the United States, senior housing developers are working to keep up with demand.
Memory Care in Texas
Memory care facilities are of particular interest to providers as more people begin to recognize the importance of patient-centered dementia care. The LaSalle Group recently broke ground on two memory care facilities in Texas.
The two newest LaSalle Group memory care facilities are located in Austin and Georgetown. The location in Georgetown has been named Autumn Leaves of Georgetown and is located at 3600 Williams Lane. A groundbreaking ceremony was held last month and construction is now under way. The facility will be 26,000 square feet in size and will cost approximately $10.3 million to build. Once built, it will house and treat 50 patients and residents.
Growing Number of Seniors
The elderly population continues to rapidly grow across the nation, and in Texas especially. Many people see Texas as an ideal retirement spot because of the weather and lack of state income tax, and Austin is an especially popular choice. Austin has the nation’s largest and fastest growing pre-retiree population and long term care facilities are springing up all over to meet the relatively new demand.
“With an increase in the number of seniors in the area, there is also a need for high quality Alzheimer’s and dementia care,” said John Barbee, executive vice president of real estate for The LaSalle Group, in a statement.
Autumn Leaves of Northwest Austin is the name of the second facility currently underway. The facility will be very similar to the one in Georgetown: it will be 26,000 square feet in size and will cost around $10.7 million to build. Once completed, the facility will house and treat 46 residents. Both facilities also have technological features like a motion sensor system in every room to help improve the safety of residents and quality of care provided.
Preparing for the risk of long term care is a vital component of planning for retirement. If you should ever need care for any reason, Long Term Care Insurance is a great tool that can help ensure you won’t have to deplete all your assets to pay for care or enroll in Medicaid.