Senior Housing News September 24, 2024
The active adult boom is underway – and what occurs in the coming months and years will help shape the product type’s next chapter.
A third of all current active adult inventory has opened in the last four years, with the largest markets including Dallas, Texas, Los Angeles, and New York City.
Succeeding in active adult development is no easy feat and requires operators to have lean operational models, often with few staff on-site at the community.
“They tend to need to be more of a jack-of-all-trades because you can’t turn a margin with eight full-time employees in the building,” said Sparrow Partners CEO Jeff Patterson during a panel at the 2024 NIC Fall Conference.
‘That’s the differentiator’
It’s a...
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