Loss
This 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…
Loss
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…
Win
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…
Loss
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…
Loss
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…
Loss
Two properties, 190 and 155 units, both marketed as independent living lite. Age-restricted, no personal care, but with a package that included scheduled transport, a concierge de…