Judging by the number of questions we got during our May 16th webinar called “The 55+ Active Adult Market: The New Frontier of Seniors Housing,” it is safe to say that there is plenty of interest in this growing market. Our listeners tuned in to find out what prices active adult communities have been trading at, their cap rates, and what exactly operationally goes into this no-care and low-services senior living option. You can still listen here.
Our Editor, Steve Monroe, and several experts that included Ryan Maconachy of Newmark Knight Frank, Ryan Frederick of SmartLiving 360 and Michael Hartman of Capitol Seniors Housing made up our panel, bringing in different perspectives on how to navigate and invest in the active adult market. In addition to covering the basics of the differences between active adult and independent living and of the average monthly costs for residents, they also discussed lease-up trends and what you need to successfully operate the communities. In addition, they tackled whether active adult can one day feed residents to traditional seniors housing as they age. If there is any concern that Baby Boomers will wait longer than ever to move into either IL or assisted living communities, this may be a crucial question.
Again, if you are interested in hearing the 90-minute conversation, check it the webinar.