Del Webb is set to open its newest 55+ community, Del Webb Fulshear, just west of Houston, Texas. Comprising 725 single family ranch-style homes across more than 230 acres, Del Webb Fulshear features three unique home series from Del Webb’s consumer-inspired GenYou collection: The Scenic, Distinctive and Echelon. The resort-style community will offer over three miles of walking trails in addition to an indoor and outdoor pool with prices starting in the high $200,000s.
Del Webb has been busy developing its own brand of large 55+ communities, which fall out of the generally accepted definition for active adult communities (as AA communities are usually rental options).
However, active adult developments are seemingly opening on a daily basis across the country, but Texas has been a popular site for many of these projects. On the M&A front, according to our Levin Pro LTC analytics tab, the state of Texas has the most active adult property sales of any state with 24, more than double the next closest state of Florida with 10 active adult property sales. We expect to see these developments and sales grow substantially over the next few years.
