Environments for Aging - Spring 2018 - 15

Opening up
Seniors' growing desire for multigenerational living environments
in walkable, amenity-rich locations is driving the industry to adopt
new ideas and partnerships. During his keynote session at 8 a.m.
on Monday, April 23, Ryan Frederick, founder and CEO of Smart
Living 360, a real estate development and operating company, will
talk about addressing old assumptions, the drivers behind this
changing landscape, and the challenges-and opportunities-
that come with making multigenerational housing a reality.
Environments for Aging: How has the approach to multigenerational senior housing changed in the last decade?
Ryan Frederick: Honestly, it hasn't changed much, in large part, because no one has focused on
it in an intentional way. The senior living industry has done a remarkable job of creating a greater
number of independent living, assisted living, and memory care communities across the country.
However, the industry has an implicit assumption that seniors wish to live exclusively with and
around other seniors, and there are few alternatives to the traditional senior living product types.
It's also fair to say that prior generations, such as the Greatest Generation, didn't insist on
having residential options that allowed them to comingle with other generations. But part of
the irony in placing older people in settings just with older people is that it's a relatively recent
phenomenon. We tend to forget that it wasn't until the 1960s that active adult communities and
skilled nursing facilities were built in scale. Historically, people of all ages lived in proximity to
each other with benefits to all involved.

What's pushing the industry to shift this thinking?
The biggest driver is changing consumer psychographics. Baby boomers don't have the same
expectation and desire to move to a "retirement community." It doesn't mean that there won't be
boomers interested in living with other boomers. However, it does mean that there will be more
people questioning some of the fundamental tenets of the senior living industry, including living
exclusively with other seniors in a high-service model.
While consumer preference is the dominant driver, it's not the only one. As we enter an era
with people living longer and fewer people with pensions, affordability will be of greater significance-even for those who are considered affluent. The stress point will be greatest, however,
for middle-market older adults, who will not be able to afford much of the current products
offered by the senior living industry and will need to look to other options, including those that
offer a price point that attracts a wide range of people.
In addition, technology will become more significant in driving change. In today's senior living
models, much of the service package is offered on a bundled basis: meal plans, care plans, etc. With
technology, more services can be delivered on an as-needed basis with an à la carte pricing model,
creating more cost-effective models that will allow people to receive services of all types in a nonsenior living environment. Moreover, innovative uses of technology will allow people to use their own
health data to stay healthy, reducing or delaying the need for traditional senior living environments.

What's the first step to creating more intergenerational
communities for seniors?
Consumers need new models to test and try out, and developers need to iterate and improve
upon these models. The larger trend of walkable, mixed-use residential development has been
happening for quite some time. Downtown and suburban developments of this type have naturally
attracted a range of generations. In this sense, multigenerational housing is around us all. However, traditional apartment developers haven't typically considered the needs of older generations, including designing physical spaces, creating a sense of community, and providing lifestyle
and health services. On the other hand, the senior living industry has largely been developing

full-service, age-restricted communities. There
are reasons for this: Many senior living communities have performed well, and the investor
community has encouraged developers to
stick to the knitting. The result is that a gap exists between what multifamily and senior living
developers are creating.

What obstacles do we need to
overcome to close that gap?
The first hurdle is for developers to do something that's different than what they've typically
done. For apartment developers, it requires
an appetite to create something new and
assume the risk and reward that come with
that opportunity. For senior living developers,
it's overcoming a similar obstacle of tackling
something new and different. Senior living
developers and operators can suffer from the
"curse of knowledge" in that they think they
know what seniors are looking for, and this
can create institutional blind spots.

What do you hope the
audience at EFA Expo will take
away from your talk?
That the next generation of senior living is not
senior living. We have a collective opportunity-and responsibility-to lean on the legacy
of our past and on the science and technology
of today and create compelling communities
that enhance the well-being of people of all
ages. In doing so, we can help create better
lives for a far greater number of older adults,
including those with more modest incomes,
than today's senior living will ever be able to
do.-Anne DiNardo
Spring 2018 * EFAmagazine.com

15


http://www.EFAmagazine.com

Environments for Aging - Spring 2018

Table of Contents for the Digital Edition of Environments for Aging - Spring 2018

Environments for Aging - Spring 2018
Contents
EFAmagazine.com
Editorial
Show Talk
Bulletin
Photo Tour
Community
Higher calling
Welcome
2018 jury/award winners and finalists
Style and substance
Life well lived
Leading the way
Making the cut
Pushing boundaries
Project directory
EFA Design Showcase
The Spark
Environments for Aging - Spring 2018 - Environments for Aging - Spring 2018
Environments for Aging - Spring 2018 - Cover2
Environments for Aging - Spring 2018 - 1
Environments for Aging - Spring 2018 - 2
Environments for Aging - Spring 2018 - 3
Environments for Aging - Spring 2018 - Contents
Environments for Aging - Spring 2018 - 5
Environments for Aging - Spring 2018 - EFAmagazine.com
Environments for Aging - Spring 2018 - 7
Environments for Aging - Spring 2018 - 8
Environments for Aging - Spring 2018 - 9
Environments for Aging - Spring 2018 - 10
Environments for Aging - Spring 2018 - Editorial
Environments for Aging - Spring 2018 - Show Talk
Environments for Aging - Spring 2018 - 13
Environments for Aging - Spring 2018 - Bulletin
Environments for Aging - Spring 2018 - 15
Environments for Aging - Spring 2018 - 16
Environments for Aging - Spring 2018 - 17
Environments for Aging - Spring 2018 - 18
Environments for Aging - Spring 2018 - 19
Environments for Aging - Spring 2018 - 20
Environments for Aging - Spring 2018 - 21
Environments for Aging - Spring 2018 - 22
Environments for Aging - Spring 2018 - 23
Environments for Aging - Spring 2018 - Photo Tour
Environments for Aging - Spring 2018 - 25
Environments for Aging - Spring 2018 - 26
Environments for Aging - Spring 2018 - 27
Environments for Aging - Spring 2018 - 28
Environments for Aging - Spring 2018 - Community
Environments for Aging - Spring 2018 - 30
Environments for Aging - Spring 2018 - 31
Environments for Aging - Spring 2018 - 32
Environments for Aging - Spring 2018 - 33
Environments for Aging - Spring 2018 - Higher calling
Environments for Aging - Spring 2018 - 35
Environments for Aging - Spring 2018 - 36
Environments for Aging - Spring 2018 - 37
Environments for Aging - Spring 2018 - 38
Environments for Aging - Spring 2018 - 39
Environments for Aging - Spring 2018 - 40
Environments for Aging - Spring 2018 - 41
Environments for Aging - Spring 2018 - Welcome
Environments for Aging - Spring 2018 - 43
Environments for Aging - Spring 2018 - 2018 jury/award winners and finalists
Environments for Aging - Spring 2018 - 45
Environments for Aging - Spring 2018 - Style and substance
Environments for Aging - Spring 2018 - 47
Environments for Aging - Spring 2018 - Life well lived
Environments for Aging - Spring 2018 - 49
Environments for Aging - Spring 2018 - Leading the way
Environments for Aging - Spring 2018 - 51
Environments for Aging - Spring 2018 - Making the cut
Environments for Aging - Spring 2018 - 53
Environments for Aging - Spring 2018 - Pushing boundaries
Environments for Aging - Spring 2018 - 55
Environments for Aging - Spring 2018 - Project directory
Environments for Aging - Spring 2018 - EFA Design Showcase
Environments for Aging - Spring 2018 - 58
Environments for Aging - Spring 2018 - 59
Environments for Aging - Spring 2018 - 60
Environments for Aging - Spring 2018 - 61
Environments for Aging - Spring 2018 - 62
Environments for Aging - Spring 2018 - 63
Environments for Aging - Spring 2018 - 64
Environments for Aging - Spring 2018 - 65
Environments for Aging - Spring 2018 - 66
Environments for Aging - Spring 2018 - 67
Environments for Aging - Spring 2018 - 68
Environments for Aging - Spring 2018 - 69
Environments for Aging - Spring 2018 - 70
Environments for Aging - Spring 2018 - 71
Environments for Aging - Spring 2018 - 72
Environments for Aging - Spring 2018 - 73
Environments for Aging - Spring 2018 - 74
Environments for Aging - Spring 2018 - 75
Environments for Aging - Spring 2018 - 76
Environments for Aging - Spring 2018 - 77
Environments for Aging - Spring 2018 - 78
Environments for Aging - Spring 2018 - 79
Environments for Aging - Spring 2018 - 80
Environments for Aging - Spring 2018 - 81
Environments for Aging - Spring 2018 - 82
Environments for Aging - Spring 2018 - 83
Environments for Aging - Spring 2018 - 84
Environments for Aging - Spring 2018 - 85
Environments for Aging - Spring 2018 - 86
Environments for Aging - Spring 2018 - 87
Environments for Aging - Spring 2018 - 88
Environments for Aging - Spring 2018 - 89
Environments for Aging - Spring 2018 - 90
Environments for Aging - Spring 2018 - 91
Environments for Aging - Spring 2018 - 92
Environments for Aging - Spring 2018 - 93
Environments for Aging - Spring 2018 - 94
Environments for Aging - Spring 2018 - 95
Environments for Aging - Spring 2018 - 96
Environments for Aging - Spring 2018 - 97
Environments for Aging - Spring 2018 - 98
Environments for Aging - Spring 2018 - 99
Environments for Aging - Spring 2018 - 100
Environments for Aging - Spring 2018 - 101
Environments for Aging - Spring 2018 - 102
Environments for Aging - Spring 2018 - 103
Environments for Aging - Spring 2018 - 104
Environments for Aging - Spring 2018 - 105
Environments for Aging - Spring 2018 - 106
Environments for Aging - Spring 2018 - 107
Environments for Aging - Spring 2018 - 108
Environments for Aging - Spring 2018 - 109
Environments for Aging - Spring 2018 - 110
Environments for Aging - Spring 2018 - 111
Environments for Aging - Spring 2018 - 112
Environments for Aging - Spring 2018 - 113
Environments for Aging - Spring 2018 - 114
Environments for Aging - Spring 2018 - 115
Environments for Aging - Spring 2018 - 116
Environments for Aging - Spring 2018 - 117
Environments for Aging - Spring 2018 - 118
Environments for Aging - Spring 2018 - 119
Environments for Aging - Spring 2018 - 120
Environments for Aging - Spring 2018 - 121
Environments for Aging - Spring 2018 - 122
Environments for Aging - Spring 2018 - 123
Environments for Aging - Spring 2018 - 124
Environments for Aging - Spring 2018 - 125
Environments for Aging - Spring 2018 - 126
Environments for Aging - Spring 2018 - 127
Environments for Aging - Spring 2018 - The Spark
Environments for Aging - Spring 2018 - Cover3
Environments for Aging - Spring 2018 - Cover4
https://www.nxtbook.com/nxtbooks/efa/fall2020
https://www.nxtbook.com/nxtbooks/efa/summer2020
https://www.nxtbook.com/nxtbooks/efa/2020summer
https://www.nxtbook.com/nxtbooks/efa/2020spring
https://www.nxtbook.com/nxtbooks/efa/2019fall
https://www.nxtbook.com/nxtbooks/efa/2019summer
https://www.nxtbook.com/nxtbooks/efa/2019spring
https://www.nxtbook.com/nxtbooks/efa/2018fall
https://www.nxtbook.com/nxtbooks/efa/2018summer
https://www.nxtbook.com/nxtbooks/efa/2018spring
https://www.nxtbook.com/nxtbooks/efa/2017fall
https://www.nxtbook.com/nxtbooks/efa/2017spring
https://www.nxtbook.com/nxtbooks/efa/2017winter
https://www.nxtbook.com/nxtbooks/efa/2016fall
https://www.nxtbook.com/nxtbooks/efa/2016spring
https://www.nxtbook.com/nxtbooks/efa/201510
https://www.nxtbookmedia.com