Pipeline of Opportunities

Bambu Wellness®

Mandeville, Jamaica West Indies

Designed for those who need assistance with life’s daily tasks, the acquisition of Allibecca Villa LTD, by Bambu Wellness® offers a personalized approach to assisted living that adapts services to the unique needs of each resident; delivering only those that are needed and desired. The acquisition of Allibecca is the first leg of the Bambu Wellness® senior and assisted living initiatives as Bambu moves toward a major presence in the Latin American Caribbean region. Residents benefit from health care services delivered in a satisfying, comfortable environment that encourages individuality, independence and social interaction. The round-the-clock staff, of certified nursing assistants (CNAs) licensed in the United States and approved to practice locally, focuses on meeting as many physical, mental and spiritual needs as possible with: meals designed with resident specific nutritional needs in mind, cultural and community events, education programs, religious services, entertainment, scheduling of transportation to appointments and housekeeping services. Caring associates at Allibecca assist residents 24 hours a day with personal activities including: bathing, dressing, mobility and medication management. Featuring semi-private and private suites, where residents can express their individual tastes, each suite features: a spacious bathroom with walk-in shower and night light, internet connectivity, and emergency call system. The facility can comfortably handle 40 residents at any time.

The New York Times published an excellent article highlighting the increased need for senior housing in both primary and “growth corridor markets.” This concept of “growth corridor markets” reinforces market players like the Senior Living Fund’s belief that secondary markets hold tremendous growth potential for senior housing investment. The May 4, 2018, article makes it clear that it is not uncommon for today’s seniors to live well into their 80s, 90s, even past 100.

The need for more senior living housing is also driven by the need to combat what many see as a growing problem of isolation among people in this older generation. For example, Americans age 65 and older, 28 percent of the population or approximately 11 million people live alone, according to the United States Census Bureau. The National Council on Aging estimates that 8 million adults over the age of 50 are affected by isolation. “Being isolated can harm both mental and physical health,” says Lisa Marsh Ryerson, president of the AARP Foundation, which introduced Connect2Affect in 2016 to help raise awareness and offer solutions to senior isolation.

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