Avenida Partners’ Active Adult Rental Communities Achieve Retention Rate of 80-85% with Strong Rent Growth
Download the PDF

    Avenida Partners’ Active Adult Rental Communities Achieve Retention Rate of 80-85% with Strong Rent Growth

    May 23, 2024

    Active Adult  • Baby Boomers  • Case Study

    NIC Analytics Case Studies feature organizations, strategies, and products that are solving challenges in the senior living industry with creative solutions that are effective, repeatable, and scalable

    Active adult is an emerging senior housing segment that NIC defines as age-eligible, predominantly market rate rental properties that are lifestyle focused. Active adult rental properties are a response to the preferences of the leading edge of the 85 million Baby Boomers. NIC Analytics case studies showcase active adult operators and capital providers that are serving this younger cohort with lower acuity needs than typical residents in independent living.

    This case study provides insights into Avenida Partners’ approach to meeting the housing and lifestyle needs of active adults.

    Learn Avenida’s strategies for:  

    • Understanding the prospective resident
    • Choosing product type, design, and location that are conducive to downsizing
    • Choosing amenities and activities that are distinct from traditional multifamily
    • Implementing and maintaining a strong sense of hospitality