Heartland Investment Partners - September 2019

FINDING FULFILLMENT IN YOUR GOLDEN YEARS

WHY MORE ADULTS OVER 55 CONTINUE TO WORK

According to the Bureau of Labor Statistics, upward of 40% of people aged 55 and older are continuing to work past the normal retirement age. There are a number of reasons why people are choosing to stay employed, with one of the biggest being a lack of retirement funds, but some are also using work to keep their minds and skills sharp. In fact, most of the jobs that the 55-plus crowd goes after keep them engaged with the community and help them lead more active lives.

More importantly, however, most older workers find these jobs fulfilling. They allow older folks to interact with the community and stay active, both of which, research suggests, are essential to healthy living as people age. For many, working past retirement, or not leaving the workforce entirely, can be a win- win-win: It’s a win for your bank account, a win for your health, and a win for the community.

The BLS categorized the jobs many older workers are currently pursuing:

Real estate appraisers/assessors

• Property/real estate/community association managers • Technical writers • Tax preparers • Construction/building inspectors • Crossing guards • Clergy

These seven jobs are projected to grow between 8–14% over the next six years according to BLS data. They often pay well and don’t always require a full-time commitment. Many even offer flexible schedules, which can help older workers spend more time with peers or loved ones. This balance is exactly what many older workers are looking for, especially those who are “part-time retired.”

HAPPENINGS AT HEARTLAND

WE’VE CLOSED ON ANOTHER 56 UNITS!

Cedar Rapids is ripe with opportunities for investment, and last month, Heartland Investment Partners closed on another top-notch property for our clients: the Imperial Apartments. Darin suspected right off the bat that this 56-apartment complex was a steal, and he was right. The 56-unit was appraised at a value above the purchase price, and we’re sure it will sell for even more

Right now, the one- and two-bedroom units that make up the complex are all fully occupied, and, considering the apartments’ garages and proximity to tenant conveniences like great schools, Shawnee Park, Ellis Golf Course, and the Cedar River, they’re likely to stay that way. To make things as easy as possible on the investors who leapt at the chance to purchase this gem, Darin will manage and oversee operations of the property going forward. This 56-unit purchase was yet another example of behind-the-scenes work paying off for our investors. Throughout the year, Heartland stays in contact with the owners of properties like these, maintaining good relationships so that when they’re ready to sell, we’re one of the first calls they make. Property owners in Iowa know that if they choose to go with Heartland, their properties will be sold quickly and at a profit. When we opened up the 56-unit opportunity to our investors, they were eager to get involved, and we were oversubscribed before we knew it. If you’d like to be on our priority list of investors in order to beat the rush and find out about these opportunities as soon as they present themselves, email Darin today at darin.garman@gmail.com.

than the appraisal if put back on the market.

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