Article submitted by Jack Herrington, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate
Written by Sara S. Patterson | May/June 2018
Once a marginal niche, senior housing has become a well-established subsector that combines aspects of multifamily, medical care, and hospitality. Armed by investors, lenders, and equity partners, developers nationwide are racing to build independent-living communities, as well as assisted living and memory-care facilities.
“A tidal wave of seniors is here, and more seniors are coming,” says Paul Aase, CCIM, owner of Active Senior Concepts in Johns Creek, Ga. In 2013, he and a partner launched a firm specializing in senior housing.
“We had gone through the Great Recession and realized the U.S. didn’t need another shopping center,” Aase says. “But we have a lot of older people that we need to take care of.”
Jack Herrington joined Saurage Rotenberg Commercial Real Estate in October, 2016. He has extensive experience in the service industry, prior to beginning his career in real estate. Jack is currently pursuing his Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
