Occupancy and expense pressures related to Covid-19 will continue to adversely affect senior housing investment in the coming year, and are even tempering refinancing opportunities. And the pandemic will force more smaller owners and operators to exit the sector, frustrated by the operational intensiveness of the product type, compressed net operating income (NOI) and tighter […]
Category: Active Adult
A developer and investor in active adult communities is pivoting from an entrance fee model to middle-market rentals in order to spur move-in velocity in the age-restricted senior housing market. Omaha, Nebraska-based Essex Communities recently acquired The Reserve on Walnut Creek, a 121-unit age-restricted independent living community in Urbandale, Iowa, and will convert the property […]
Greystar Real Estate Partners has become one of the foremost names in the fast-growing active adult rental sector in recent years, and now the development and management company is expanding in new directions with the launch of its more moderately priced Album brand. Charleston, South Carolina-based Greystar is the largest U.S. operator of multifamily apartments […]
Developers in the active adult space believe that the coronavirus pandemic is proving out their market selection and development strategies, as well as accelerating previous senior living trends that will bode well for future demand. Notably, migration patterns in recent years are seeing greater demand for active adult in secondary and suburban markets across the […]
The name Avidor, translated from Hebrew, means “father of a multitude.” While there are not yet a multitude of communities, Avidor Living, the new active adult brand that Allegro Senior Living launched last year, is quickly growing in scale, with three communities in operation and two more under development, Allegro Vice President of Operations Jamie […]
Baby boomers are likely interested in accessing some health care services in active adult communities — but they might not want to call it “health care.” Driven by a belief that older adults want a product that stands apart from traditional independent living communities, developers are creating a new generation of for-rent active adult properties […]
Active adult projects resemble multifamily properties in some ways, and in other ways they are akin to higher-acuity senior living — but profitably running an active adult community means understanding that this is a unique type of asset with challenges all its own. From identifying and successfully marketing to the active adult consumer base, to […]
Trailblazers in the active adult space have their sights set on capturing multiple consumer segments for the product. One possible scenario involves building a continuum within the active adult sector where residents can transition from single family cottages to apartments, en route to an eventual transition to full-service independent living. This continuum would be all […]