Senior Apartments

Seniors Apartments, or alternatively “active adult” and “55+” complexes, are age-restricted residences where at least 80% of residents are 55 or older. They are not normally called senior housing/health care but are related on the acuity spectrum. Akin to traditional apartment complexes, they have clubhouses, fitness centers, covered or garage parking, and swimming pools. Health care services, meals, and housekeeping are not provided by on-site staff, but social activities are usually available. Residents are active adults not needing assistance with activities of daily living (ADLs). Units typically include a full kitchen, washer and dryer hook-ups, balconies or patios, window treatments and floor coverings.

Traditional multifamily developers, operators, and investors begin to offer more specifically geared towards the baby boomers and are seeing seniors housing operators, such as Discovery Senior Living and Allegro, build projects to attract this demographic. This lifestyle-oriented product is a growing niche in the seniors housing spectrum.