When companies like Related and Hines jump on a trend, you know it’s big. That’s what’s taking place from sea to shining sea as these major developers and others leap in to create luxury senior living properties in the heart of major U.S. cities.
Simple demographics are the reason. Experts predict the global population of folks 60 and older will double to 2.1 billion by 2050, and the number of U.S. seniors to almost double to 84 million by the same year. Many of these oldsters have no intention of leaving their big-city lifestyles behind in retirement.
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