A proposal for the innovative management of the elderly's Real Estate properties in Italy. The "Silver Lining" model

This paper is the result of a research that aims at proposing a strategy of Real Estate Asset Management as a solution to a socio-economic problem. The number of elderly people is expected to double within a few decades and, as a result, in the coming years the demand for properties to meet their specific needs will increase. This reflection gives rise to a question that is both specific and necessary: what will happen to the buildings of the elderly, who are increasingly in need of care? The paper is started from a statistical analysis structured on the basis of socio-demographic, economic and Real Estate indicators and identifies the specific characteristics of this segment of the population, in order to highlight in a structured way the multiple implications of the phenomenon. The results obtained highlight the needs of the elderly and identify the various methods of responding to the individual problems that are currently available on the market. The economic possibilities do not always allow it and it is in this context that the house acquires an additional importance, so as to become the core of the research here proposed: to mobilize the Real Estate. Through the creation of a start-up, the Silver Lining Model, the permanence at home is guaranteed with a range of tools such as loans or contracts for the transfer of ownership with usufruct reservation and obtain a several number of health care and social services. The model proposed could be the solution to a socio-economic problem through a Real Estate approach. The new perspective that is created is the result of the integration between the interests of the different actors involved, systematizing the needs to achieve an innovative solution, but nevertheless feasible. This paper highlights the value of a model that is still an original field of reflection as it combines and integrates the various needs under a new perspective, through the active management of Real Estate.