“Aging adults are currently rejecting senior living options based on a variety of factors, including their economic situations, healthcare needs, and lifestyle choices” said Zeke Turner, Chairman and CEO of Mainstreet. “This Baby Boomer survey seeks to identify those factors which are crucial to understanding the decision making process of the next generation of users in order to provide the best possible options in senior healthcare and living.”

According to the Administration on Aging, the population 65 and over will increase from 35 million in 2000 to 55 million in 2020. To meet the growing demands of the retiring Baby Boomer generation, there will be a $300 billion investment in senior care.

“We know there is a need for better options in senior care, and this research helps us identify what those needs are and how we can meet those needs,” Turner said.

The Baby Boomer survey polled seniors over the age of 55 on a variety of issues including retirement plans, financial situation, senior living facilities, lifestyle preferences, and health concerns. Mainstreet, which plans a series of announcements regarding the survey’s findings, develops next-generation senior living communities for a wide variety of needs, including skilled nursing and short term rehabilitation, independent living, and Alzheimer memory care.

One of the numerous findings within the survey highlighted the financial struggles the Baby Boomers are currently experiencing, who now plan to work longer than they anticipated, citing factors associated with the ongoing economic downturn.

The survey found that the average Baby Boomer plans to retire at age 67.8 as compared to an average age 10 years ago of 66.1.

“Many seniors are uneasy about their financial situations and their ability to fully retire,” said Turner.  “To help counteract the impact of the economy, seniors are choosing to work longer, continue working part-time, or downsizing.”

Boomers 55 to 64 surveyed, who have postponed retirement, listed a variety of causes related to the recession, including:

• Poor economy (26.6 percent);
• Stock market losses (21.3);
• Investments weaker (18.6); and
• Loss of job (10.6).

“I am not aware of anyone else who has done this kind of in-depth research into the retirement plans of the Baby Boom generation,” said Turner. “These results will be invaluable as we plan to meet Boomers’ health-care needs into the future.”

The survey was conducted amongst a random sample of the United States and within each state of people 55 and older across the country. The margin of error was +/-3.8 percent.

Mainstreet, one of the fastest-growing health-care real estate investment companies in the country, had $100 million in new development in 2011. Mainstreet offers guests need-based health care in a hotel-like atmosphere. Mainstreet’s design includes multiple social destinations, business center, restaurant dining, private rooms and baths, and therapy/wellness.

Based in Cicero, Ind., Mainstreet, is expanding into other states throughout the U.S. For 2012, Mainstreet has identified 14 other locations and has begun the land acquisition process for many of those projects. For additional information, visit http://www.mainstreetcap.net.

The 100-bed development on Bodnar Boulevard in the Elm Road Medical Campus will feature skilled nursing, short-term rehabilitation, assisted living and Alzheimer’s/memory care.

Leaders of both companies said they hope the property will be the first of many they develop across the Midwest. They said they are beginning a strategic partnership, hoping to accomplish more together than they could individually, because their philosophies are similar and their missions are complementary. Mainstreet and Sprenger are working on plans for other developments in Ohio and Indiana.

“We work with only the best operators who treat seniors with dignity and give them the best possible care,” said Zeke Turner, Chairman and CEO of Mainstreet. “Sprenger has established a track record for enhancing lives and improving communities.”

Sprenger Health Care Systems is a family-owned and family-run business based in Lorain, Ohio. Grace Sprenger founded the company in 1959 when she opened a 26-bed nursing home in Amherst, Ohio. A passion for caring for the elderly and a tradition of commitment to quality healthcare have helped Sprenger evolve into Northeast Ohio’s premiere network of rehabilitation, nursing, assisted living and independent living centers.

Sprenger Health Care Systems has established a reputation for civic concern and involvement in each of the communities it serves. The Sprenger philosophy is to encourage employees to get involved and volunteer in local organizations such as the Chamber of Commerce, Rotary Club and city schools. And Sprenger is committed to supporting organizations that raise money for diseases that affect the local community.

“The Sprenger organization is looking forward to becoming part of the Mishawaka community,” said Scott Sprenger, President of Sprenger Health Care Systems. “Our partnership with Mainstreet is the catalyst to bringing a higher standard in health care and rehabilitation to Indiana and the residents we serve.”

Providing healthcare for a variety of short-term and long-term needs, Mainstreet offers guests concierge-based health care in a hotel-like atmosphere. Mainstreet’s next-generation design includes multiple social destinations, restaurant-style dining, spacious private rooms and baths, and therapy/wellness.

Mainstreet was named to the Inc. 500/5000 list of fastest-growing companies in both 2010 and 2011. It has been listed as the third-fastest growing private company in the area by the Indianapolis Business Journal and one of 41 “Companies to Watch” in the state by the Indiana Economic Development Corporation, Purdue University and the Edward Lowe Foundation. For 2012, Mainstreet has identified 10 new locations and has begun the land acquisition process in Illinois, Ohio and other Midwestern states.

For more information about Mainstreet, visit http://www.mainstreetcap.net/. For more information about Sprenger, visit http://www.sprengerretirement.com/

“Mainstreet has identified a real need in the market for innovative healthcare campuses that provide quality care and concierge service in a building that is both aesthetically pleasing and that has a real community feel,” said Zeke Turner, Chairman and CEO of Mainstreet. “Healthcare needs are changing and our business model is built to meet the needs of this generation.”

Mainstreet has closed, or is closing on, a total of four properties in the fourth quarter of 2011, including properties in Springfield, Ill., and Wabash, Mishawaka and Westfield, Ind. Other 2011 closings included properties in Valparaiso and Marion, Ind. Campuses will include a combination of skilled-nursing, assisted-living care and Alzheimer’s care. Each of these developments will create over 300 construction jobs and over 150 permanent positions. The job creation associated with these six projects is over 2,000 jobs.

Providing healthcare for a variety of short-term and long-term needs, Mainstreet offers guests need-based healthcare in an atmosphere that feels more like a hotel than a hospital. Mainstreet’s innovative designs include multiple social destinations, business centers, Wi-Fi access, restaurant dining, private rooms, private baths and therapy/wellness centers.

To provide innovative solutions that empower people of all ages to lead meaningful lives in a dignified setting with exceptional care, Mainstreet is currently expanding into states across the Midwest with its next-generation healthcare model.

For 2012, Mainstreet has already identified 10 additional development projects in locations across Indiana, Illinois, Ohio and other Midwestern states.

“One distinctive characteristic of our properties is that they bring a sense of dignity and pride to guests and residents. We hope to fundamentally change the healthcare industry and implement a higher standard of care and community,” said Ed Grogg, President of Mainstreet.

With the tagline, “Investing more than capital,” Mainstreet operates within a social filter that provides an important dimension to its decision-making process. The goal is to invest in properties that serve to enhance lives and improve communities. In this, Mainstreet acts not only as an investor and developer, but also as a true partner in the industry that is prepared to advance the common good.

Mainstreet was named to the Inc. 500/5000 list in both 2010 and 2011. It was listed as the third-fastest growing private company in the area by the Indianapolis Business Journal and one of 41 “Companies to Watch” in the state by the Indiana Economic Development Corporation, Purdue University and the Edward Lowe Foundation. For more information visit: http://www.mainstreetcap.net.

“The Bridge Care Suites” located at 3089 Old Jacksonville Road, in Springfield will meet a void in the market for short-term, post-operative and sub-acute care will bring approximately 375 construction jobs and over 150 permanent jobs to the Springfield community. When completed in January 2013, the $12.9 million single-story facility will cover 45,000 square feet, feature 75 patient beds, and create job opportunities for a range of different health professionals and support staff. The project’s general contractor is Walsh Construction.

“Healthcare needs are changing and our business model is adapting to meet the needs of this generation, offering a healthcare campus for a variety of both short-term and long-term needs,” said Zeke Turner, Chairman and CEO of Mainstreet.

Mainstreet’s next-generation design includes multiple social destinations, business center (wi-fi), restaurant dining, private rooms, private baths and therapy/wellness.

“One of our most important focuses in our property design is to create a community/neighborhood feel for the guest,” said Ed Grogg, President of Mainstreet. “Our campuses will provide great healthcare but will also have many social destinations and an appealing design in which the guests can take pride.”

Seeking to provide innovative solutions that empower people of all ages to lead meaningful lives in a dignified setting with exceptional care, Mainstreet is currently expanding into states across the Midwest with its next-generation healthcare model.

“There is a real void in the market right now for choice and innovation in the senior care field,” said Zeke Turner, Chairman and CEO of Mainstreet. “We are changing that by giving seniors the amenities and concierge service that they demand.”

In 2010 and 2011, Mainstreet was named by the Indianapolis Business Journal as one of the fastest-growing private companies in the area. In 2010, it was named one of 41 “Companies to Watch” in the state by the Indiana Economic Development Corporation, Purdue University and the Edward Lowe Foundation.

Mainstreet earned the position of 2,162 on the 2011 Inc. 5000 list. Previous Inc. 5000 honorees have included: Jamba Juice, Timberland, Clif Bar, Oracle, Zipcar, Microsoft and Under Armour.

Currently expanding across the Midwest, Mainstreet has 14 properties in Indiana and six additional projects outside the state in various stages of development. The company will soon break ground on campuses in Illinois and Ohio, and is considering expansions into Texas, Florida and several other states..

Mainstreet properties are unique in that nearly all feature private rooms and baths and pleasing architectural design – which lends itself to greater curb appeal, and a heavy focus on social amenities, including a “Main Street” concept with beauty salons, game rooms, fitness facilities, multiple dining options, ice cream parlors, pubs and other features.

“Retiring Baby Boomers have a different set of expectations than the generation before them. We are providing the next generation of healthcare that will have the look and feel of a resort, rather than a hospital,” said Turner.

The campuses also offer short-term rehabilitation and therapy services for individuals of all ages in need of them. New buildings often coordinate with community revitalization projects or nearby health campuses. On average, each new development creates up to 375 construction jobs and over 150 permanent jobs. For more information, visit http://www.mainstreetcap.net.

Note to Editors: For more information about Mainstreet or to arrange an interview with Zeke Turner, please contact Julie Shutley at 972.267.1111 or julie@alarryross.com.

The facility will incorporate hotel-style living, private rooms and social amenities, including restaurant-style dining. In keeping with one of the trends in the industry, the property will cater not only to seniors who need skilled nursing and assisted living but also those who require short-term rehabilitation.

“Before we make an investment, we make sure it’s true to our goal of investing in properties that serve to enhance lives and improve communities,” said Zeke Turner, chairman and CEO of Mainstreet. “Once this facility is completed, seniors will be able to receive the quality care they need in a place they can enjoy.”

The “senior sector” is a growing segment of the Wabash County population.

“Health care and seniors represent significant opportunities for investment and job creation in Wabash County,” said Bill Konyha, President and CEO of the Economic Development Group (EDG) of Wabash County, Inc., who recruited Mainstreet for this project. “This project also brings a large investment of private capital, creates up to 150 direct jobs, and advances our transition to a 21^st century knowledge-based economy,” said Konya.

The economic analysis completed by EDG indicates as many as 44 indirect jobs will be created because of this project.  The total of direct and indirect new payroll will exceed $6 million and the direct output of the project will have an annual economic impact of more than $11,700,000. The EDG study is based upon economic modeling developed by The Ball State University Center for Business and Economic Research.

Mainstreet was listed in 2010 and 2011by the Indianapolis Business Journal as one of the fastest-growing private companies in the area. In the same years, Mainstreet was included in the Inc. 500 list of the fastest-growing private companies in America. In 2010, it was named one of 41 “Companies to Watch” in the state by the Indiana Economic Development Corporation, Purdue University and the Edward Lowe Foundation.

Mainstreet, founded in 2002 and located in Cicero, Ind., owns, either solely or in concert with its subsidiaries, 14 properties, including 11 senior housing and care properties. The company also has another six health care campuses in various stages of construction and development in the Midwest. For more information, visit http://www.mainstreetcap.net.

The Economic Development Group of Wabash County, Inc. is a not-for-profit corporation organized under Section 501 (C) (3) of the Internal Revenue Service Act. The Economic Development Group of Wabash County, Inc. (EDG) is the provider of economic development services to Wabash County, the City of Wabash, and the Town of North Manchester.  During the past five years, EDG supported the investment of $226,390,000 of private capital, enabling the private sector to create 827 jobs.  The total payroll for these new jobs exceeds $25 million and generates approximately $725,000 in local income taxes.

Note to Editors: For more information about Mainstreet or to arrange an interview with Zeke Turner, please contact Julie Shutley at 972.267.1111 or julie@alarryross.com. For more information about the Economic Group of Wabash County, please contact Bill Konyha at 260.563.5258.

“The generation currently living in senior housing grew up during the Great Depression and is comfortable living a very simple and moderate lifestyle,” said Zeke Turner, Chairman and CEO of Mainstreet. “The generation after them is much different, and senior housing is going to have to change and innovate to meet their higher standards of living.”

According to the Administration on Aging, the population 65 and over will increase from 35 million in 2000 to 55 million in 2020. To meet the growing demands of the retiring Baby Boomer generation, there will need to be between a $200 and $300 billion investment in senior care.

“Downsizing shouldn’t mean downgrading,” Turner said. “We want our properties to have the look and feel of a cruise ship or vacation property, not a hospital. Oftentimes the quality of care one might receive at a typical center is good, but the building is old and institutional. People should be able to have both – a good building and excellent care.”

In a continued effort to ensure dignity in senior living, Mainstreet, an Indiana-based investment firm, recently completed construction on a 138-unit senior campus in Lawrenceburg, Ind., broke ground on two additional Indiana facilities in Valparaiso and  Marion and will soon begin construction in six others markets in Indiana, Illinois and Ohio, including already announced projects in Westfield, Ind. and Martinsville, Ind. They are expanding into other states and exploring other locations for properties.

“Our goals for our projects are to offer seniors a new and improved choice in senior care where they can live with a real sense of dignity,” said Ed Grogg, president of Mainstreet. “We also seek to enrich the community by creating new jobs and constructing a building that will be a true asset to these cities.”

Mainstreet facilities are unique in that nearly all feature private rooms and baths, pleasing architectural design – which lends itself to greater curb appeal, and a heavy focus on social amenities, including a “Main Street” concept with beauty salons, game rooms, fitness facilities, multiple dining options, ice cream parlors, pubs and other features. The facilities also offer short-term rehabilitation and therapy services for individuals of all ages in need of them. New buildings often coordinate with community revitalization projects or nearby health campuses. On average, each new development generates up to 375 construction jobs and over 150 permanent positions.

Following its mission “investing more than capital,” the company is selective about its properties, ensuring that each decision for acquisition or development passes through its own “social filter” and will help improve the community in which it is built.

Mainstreet was recently listed by the Indianapolis Business Journal as the third-fastest growing private company in Indianapolis. In 2010, it was included in the Inc. 500 list of the fastest-growing private companies in America and named one of 41 “Companies to Watch” in the state by the Indiana Economic Development Corporation, Purdue University and the Edward Lowe Foundation.

Mainstreet, founded in 2002 and located in Cicero, Ind., owns, either solely or in concert with its subsidiaries, 11 properties, including eight senior housing and care properties. Additionally, the company has another eight health care campuses in various stages of construction and development in the Midwest. For additional information, visit http://www.mainstreetcap.net.