The potential of senior housing development and investment in Mexico

Worldwide, the elder population is growing- the number of people aged 60 years or over will be 1.4 billion by 2030, an increase of 56% from 2015. As a growing economic force, the elderly will require more specialized services such as housing, health care, transportation, pension plans, and public spaces adapted for their use. Mexico is no exception; by 2030, an estimated 30.5 million Mexicans will be over the age of 60, making up 22.2% of the total population. Accompanying cultural shifts mean that families are no longer well equipped to care for elders as they have been in the past, and government and nonprofit services designated for seniors don't ensure them a high quality of life. This study presents a business plan that creates a private, profitable, service-enriched housing development that will cover specific needs of housing and assistance for elders that require assistance with daily activities as well as those with dementia that require round-the-clock assistance. The mission of the business, besides creating a profitable development, is to create a secure facility that enhances the quality of life for residents by implementing the "best practices" used by experienced Assisted Living and Memory Care developers and operators in the United States.

Department dc:contributor.department

Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2017

Author dc:creator

• Sánchez Attolini, María Fernanda

Advisor dc:contributor.advisor

• Albert Saiz.

• Center for Real Estate. Program in Real Estate Development.

Statement dc:rights

• MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/108882

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/108882