Senior living owners, operators and developers eagerly are awaiting a "silver tsunami" of Baby Boomers who will begin entering the average age range for assisted living nationwide—the early 80s—in four years.
But the 70 million Boomers born between 1946 and 1964—with ages now ranging from 58 to 76—already are doing the wave: they're lifting the fortunes of an emerging rental property type that rapidly is becoming the hottest growth sector in senior housing.
Active adult rental properties are aiming for Boomers in their early 70s (68-74 is the average range), a demographic that skews younger than independent living and attracts people who are more active and have much lower acuity needs than the current residents of independent living facilities.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
