In mid-July, experts from across the country joined Senior Housing News for a 3-day conference exploring the Active Adult residential market. Typically defined as housing in which a majority of residents are 55 years or older, this is the residential type that bridges between all ages, multi-family living and senior living. It has become a popular topic of discussion in real estate and investing.
A range of topics was discussed during the summit, from the ideal target residents and locations, to optimal building sizes, financial formulas and even what to call the market. Here are ten beneficial takeaways for developers looking to diversify their portfolios with this residential product type.
The Senior Housing News Active Adult “Summit” provided a basic road map for those companies interested in expanding into this residential project type. KEPHART has been designing these communities for many years, combining our expertise in the multi-family and the senior living markets. Along with our nation-wide reach, we are well positioned to be an expert design partner.