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Baby Boomers Hit 70 and Need Rental Housing

ALLEN, TX—Construction is underway on the new 243-unit apartment property named Alders at Twin Creeks, aimed at baby boomers with a minimum age of 55, located in the “jewel” of the Dallas metro.

senior housing Alders at Twin Creeks is aimed at baby boomers with a minimum age of 55.

ALLEN, TX—The baby boomer generation, the largest US demographic group, turned 70 years old this year resulting in an increased need for senior rental housing. To meet the growing demand for moderately priced retiree rental housing or active adult rentals, construction is underway on the new 243-unit apartment property named Alders at Twin Creeks. It’s aimed at baby boomers with a minimum age of 55.

The developers are Drever Capital Management of Tiburon, CA and The Alder Group of Allen, TX. Drever Capital Management said the concept will have extensive activities, amenities, flexibility and a resort-like atmosphere. The first phase will be completed in December 2017, with the brand being rolled out nationwide.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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