Senior Housing News September 4, 2024
The active adult senior housing sector is still hot with many large companies going all in on the product type.
But despite the big opportunity it offers, the sector carries challenges that could make growth difficult for companies lacking scale, sophistication and long-term vision, according to Adam Cohan, senior director of portfolio management at Greystar Development.
“You need 50 or so assets just to be profitable, and that’s probably a deterrent from people getting into space as an operator,” Cohan said during a NIC webinar Wednesday. “But we made a commitment.”
Challenges aside, active adult communities are still well-positioned to capture demand from the coming baby boomer demographic. People ranging in age from 55 to 74 currently make up about...
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