The population of elderly folks in St. Louis is on the rise. That rise has also caused a spike in the creation of assisted-living homes and a demand for land for those facilities.
"Dennis DeSantis, a broker with commercial real estate firm Colliers International's St. Louis office who worked on some of those real estate transactions, said he gets inquiries all the time for available land for senior living developments," according to National Mortgage News.
St. Louis seems to be helping to meet all inquiries across the board as a large sum has been invested in the expansion of retirement communities.
"Just last week, retirement communities announced expansions worth some $230 million, and in the last 18 months, at least six assisted living communities have completed or are building assisted living and skilled nursing campuses with hundreds of units," according to the report.
Nationwide, the elderly population is on the rise but they seem to be settling into St. Louis pretty well.
To learn more about the growing elderly population in St. Louis, the expansion of retirement communities and the demand for land for assisted living homes, click on the image above.