Senior housing in the independent-living sense means age-restricted residential communities, often 55-plus, serving active older adults who can live independently but want the lifestyle, amenities, maintenance-free living, and community that purpose-built senior communities provide.
Log in to followThis was my first passive investment in anything and I picked the thing that sounded safest. Age-restricted community, 132 units, existing building from the 90s, sponsor was buyin…
Sponsor is buying a 96-unit active adult property, ten years old, currently 93 percent occupied, in a second-ring suburb. Agency-style senior debt is in first position at roughly…
Putting together the services side for two independent living lite properties, 140 and 165 units. Scope is light housekeeping every other week, a scheduled van three days a week,…
I've toured four age-restricted rental communities in the last month, which for someone who was selling insurance a year ago is a lot of clubhouses. Two of them were amenity heavy…
I ran lifestyle and activity programming for a 240-unit active adult community under a two-year service agreement. Fitness classes, resident clubs support, event calendar, three s…
A broker sent me a 60-unit building he's calling independent living. The rent roll reads like apartments, $1,650 average, tenants sign a normal-looking lease, and there's a room w…
Been doing service calls in an age-restricted community for about two years. The developer kept back six detached cottages as rentals and is selling four of them off. He offered m…
I've held 22 acres on the edge of a growing metro for eleven years. Taxes are low, I mow it twice a year, and the plan was always to wait. A developer approached me about an activ…
We manage a 130-unit 55-plus community, twelve years old, sitting at 95 percent. Full-time lifestyle director costs the property about $71,000 loaded. Owner pulled the activity ca…
Working through pricing on a 180-unit active adult plan, three-story walkups plus fourteen cottages. Amenity package as drawn is a 12,000 square foot clubhouse with a fitness room…
148 units, purpose-built 55-plus, no dining room, no care of any kind. In-place rents average $2,150 and my model runs total operating expenses at 32% of EGI, call it $7,900 a uni…
Deal on my desk is a 2016-built active adult community, 168 units, one and two bedrooms averaging 940 square feet. In-place average rent $2,190, occupancy 95.7 percent, T12 expens…
RFP came in for two age-restricted communities under the same ownership, 240 units combined, about nine acres between them. Current vendor is at $11,400 a month and the owner says…
I'd been trying to figure out which strategy fit me and ended up in age-restricted almost by accident. 88 units, built 2004, three-story elevator building in a suburban submarket…
County seat, population 9,100, county total around 31,000. Census-type numbers put the 65-plus count in the county at roughly 4,100 and median household income for 65-plus househo…
I've been reading paper for months and this is the first live thing I've been shown, so treat me as someone who understands the words and not yet the consequences. Deal: ground-up…
Small deal, 44 units, age-restricted, secondary market. I underwrote 8 percent economic vacancy because that's what I use for conventional garden apartments in that market and it…
I wanted the version of this that just works. Aging population, supply growth at a two-decade low, occupancy heading toward records. That's about as clean a story as I've found in…
Bought this building six years ago as plain garden-style multifamily in a mid-size sunbelt market. It drifted old on its own. Last count, 27 of 41 households have someone over 60…
Someone forwarded me a private placement on a 132-unit active adult community. Sponsor is raising $9m of what the deck calls preferred equity, 8% pref, then a 70/30 split after a…