The performance and growth of active adult rental properties continue to garner interest from real estate developers, investors, and operators as this property type evolves in response to demand from the Baby Boomer population and increasingly, the oldest cohort of the Generation X population.
In addition to the numeric growth of these key renter cohorts, demand drivers include:
- Longer life expectancy combined with an increased focus on wellness by these “younger” seniors is delaying the need for higher acuity communities.
- Increased solo aging is driving a desire to downsize or “right-size” into smaller residences.
- Changing lifestyle preferences are driving interest in maintenance-free communities with resort-style amenities and social engagement including significant interest in “affinity” communities.
Today, active adult rental properties bridge the gap between conventional multifamily housing and traditional senior housing with communities that offer amenities, activities, and social programming that support active lifestyles. This paper updates the definition of the active adult rental property segment from the original definition launched by NIC in 2022 and provides new data and insights related to this burgeoning property type.
Learn more and download the Active Adult White Paper: Update on the Emerging Property Type here.
