Investment opportunities that also address a growing societal need are worth getting excited about. The aging of America is creating a demand for senior housing facilities in general and assisted living communities in particular. Combine this fact with the long-held belief that property investments offer great potential, and also the fact that there are tax advantages to be realized with 1031 exchange property investments. You can now understand why we at Precision Global Corporation are currently devoting much of our focus to assisted living investment opportunities.
Our Current Senior Housing Investment Project
Precision Global Corporation manages general and limited partnerships for a variety of 1031 exchange properties. We have held a variety of 1031 exchange entities, including oil and natural gas properties. Notably, we are the operator of most of our projects and acquisitions.
Our specific interest in senior housing investment opportunities is based on extensive research. We are deeply vested when it comes to vetting opportunities because when you use our 1031 exchange services, we are partners, and our money is on the line, too. The win-win potential we see surrounding a senior housing or assisted living investment is based on projections such as these, from the Population Reference Bureau’s “Aging in the United States” report:
The Benefits of Partnership
Those projections may seem staggering, but the numbers and timeline also align with our ultimate mission as a 1031 exchange company: to achieve long-term growth that strengthens our relationship with our partners. The rising demand for assisted living communities also equates to lower risk for investors, and reduced risk is another of our primary objectives.
If you’re ready to leverage the benefits of a 1031 exchange property investment, contact us today. Defer your capital gains taxes from an existing investment and maximize your next investment. There’s never been a better time to work with Precision Global Corporation regarding investments in this booming industry.
Through extensive research, we have discovered a rapidly increasing need for Assisted Living Facilities in the United States. Right now, there is a shortage of beds to accommodate the demand while baby boomers are just hitting the cusp of retirement and are looking for assistance in their day to day life. Between 1946 and 1964, the Baby Boomer years, there were 76 million births and as of today we’re looking at over 10,000 of these baby boomers retiring daily! This can only mean one thing; we have an issue that we need to get in front of…
Tallahassee, FL is currently seeing an increase in senior citizens looking to retire and ride off into the sunset.
Since 2010, the population of residents over 65 has increased by 15 percent while the population ranging from birth to 65 years old has remained virtually the same.
To be more specific, the 65 and over population grew by about 4,000, but the population under-65 only lost an estimated 1,000 people. Seniors have been migrating to the county thanks to recent initiatives promoting Tallahassee as a place for baby boomers to retire.
Tallahassee has been named the favorite U.S. city for baby boomers to retire by the Washington Economics Group. Tallahassee, Florida won out of over 20 cities considered for the award of the “ideal place to retire”.
The selection was made after a survey was taken by Mason-Dixon Polling & Research, which found a third of baby boomers would consider moving to another state for the most valuable living conditions to them. Chief among those conditions identified by boomers are a mid-sized town offering a pleasant warm climate with a mild hint of winter, low cost of living and favorable tax rates.
“Through the Mason-Dixon Poll, we’re learning exactly what baby boomers are looking for as they near retirement and where they can find it.”
- Economist Tony Villamil
Founder of the Washington Economics Group
Florida Health Care Association
Senior Market Research Associate