Active adult is one of the most in-demand real estate product types at the moment, but investors and developers need to do their due diligence if they want these to be successful investments.
Active adult is growing in popularity with investors because it does not have a health care component found in other senior housing product types, and because it is tailor-made for the younger segments of the baby boomer generation, Marcus & Millichap Vice President Adam Lewis told Senior Housing News. Lewis is national director for the firm’s National Seniors Housing Group.
“We have a lot of first-time investors trying to enter senior housing right now,” he said. “Age-restricted apartments are an easy landing for them to start being a part of the health care industry, but not get in too deep with expertise.”