In the situation of an aging population structure and increasingly worsening municipal and local treasury bonds, and with the senior housing as the objective of study, application of public-private-partnership (PPP) mode in senior housing was proposed in this paper. First, features of relevant projects are analyzed, involving the operation service level, risk of liability and government regulation, etc. With old-age care services as the core, it is more important to manage such projects after completion. Second, the roles of investors, developers, and operators are separated. As major research objects, operation models are classified into entrusted joint operation, pure leasing, and entrusted operation, following the main procedures of project investment, development and operation, and analyzing its benefit and risk. Last, a comparison is made between advantages and disadvantages of potential government partners like commercial banks, real estate developers, insurance, and health care businesses under the three operation models, to provide references for government decision-making on selecting operation models and partners.
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