Active Adult

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Active AdultFeaturesNews

Programming Powers Performance in Active Adult, Says Panel

by Hayden Spiess

By Hayden Spiess DALLAS — Ben Thompson, president and CEO of Maxwell Group and Senior Living Communities, has lofty standards when it comes to resident retention at active adult communities. “If someone moves out of one of our communities, it should be because of death or another really extenuating circumstance,” he insists. “Even in those cases, if they truly loved where they were living, they wouldn’t move unless absolutely forced to.”  Thompson’s comments came during a panel on programming and culture at the InterFace Active Adult conference in Dallas. Hosted at …

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Active AdultFeaturesFrom The Magazine

What Is Active Adult’s Next Act?

by Hayden Spiess

By Beth Mattson-Teig Fueled by booming demand and sharper market insights, the active adult sector is hitting its stride and redefining what senior living can be for a new generation of residents. Active adult is still in the early innings with plenty of runway for growth as the sector continues to mature and evolve. A big part of that evolution relies on continuing to collect data and using lessons learned to adjust development strategies and operating models. “We don’t have one-size-fits-all for every market. One thing we’ve learned over time …

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Active AdultFeaturesFinanceNews

InterFace Panel: To Maximize Yield, Active Adult Investors Must Embrace Lease-Up Risk

by Hayden Spiess

By Taylor Williams From an investment standpoint, there is plenty to like about active adult. The fundamentals are undeniable. Relative to traditional seniors housing and multifamily product, there is a limited amount of competition on the supply side of the active adult space, making it appealing to investors that have been priced out of conventional senior living and apartment deals.  Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. …

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Active AdultFeaturesNews

Active Adult Consumer Is ‘Sticky,’ but May Need Convincing, Says InterFace Panel

by Hayden Spiess

By Hayden Spiess DALLAS — As a subsector of the seniors housing industry — and commercial real estate more broadly — the active adult product type has impressive resident retention rates, according to Zach Crowe, managing director at The Carlyle Group.  Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Crowe has led the company’s efforts in the active adult space for roughly 13 years and reports that Carlyle has …

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AcquisitionsActive AdultNewsTexas

Berkadia Brokers Sale of 184-Unit Active Adult Community in Texas

by Hayden Spiess

MAGNOLIA, Texas — Berkadia has brokered the sale of Alders Magnolia, an active adult community located in Magnolia, roughly 40 miles northwest of Houston. Aspens Senior Living acquired the community from Capitol Seniors Housing for an undisclosed price.  Built in 2021, the property totals 184 units. Amenities at the community include a heated pool, spa, theater, fitness center, demonstration kitchen, coffee bar, private wine lockers, a putting green, bocce ball court and lounge.  Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia represented Capitol Seniors Housing in the transaction. 

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Active AdultDevelopmentMinnesotaNews

United Properties Breaks Ground on 143-Unit Active Adult Community in Metro Minneapolis

by Hayden Spiess

CORCORAN, Minn. — United Properties has broken ground on a new active adult community in Corcoran, roughly 22 miles northwest of downtown Minneapolis. Upon completion, the development, Amira Corcoran, will feature 143 units for residents age 55 and older.  Residences will include apartments in one-, two- and three-bedroom floorplans. Planned amenities include a club room, fitness and yoga spaces, an arts-and-crafts studio, golf simulator lounge, secure parking, walking trails, and a swimming pool and hot tub situated on an outdoor amenity patio.  Move-ins at the community, which will be operated by …

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Active AdultDevelopmentIndianaNews

Avenue to Develop $50M Active Adult Project in Indianapolis Suburb

by Hayden Spiess

CARMEL, Ind. — Avenue Development has announced plans for a new active adult project in Carmel, a suburb roughly 20 miles north of Indianapolis. Development costs are expected to total roughly $50 million.  Upon completion, the community — Viva Bene Carmel — will total 170 units for residents age 55 and older. The community is being developed through a public-private partnership with the Carmel Redevelopment Commission (CRC) and is supported by the City of Carmel’s tax increment financing (TIF) district. Avenue Construction will serve as the general contractor.  Viva Bene Carmel …

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Active AdultColoradoDevelopmentNews

United Properties Breaks Ground on 154-Unit Active Adult Community in Denver

by Hayden Spiess

DENVER — United Properties has broken ground on a new active adult community, Amira Lowry, in the Denver neighborhood of Lowry.  Upon completion, the property will total 154 units reserved for adults age 55 and older. Residences will include studio, one- and two-bedroom apartments.  Great Lakes Management will operate Amira Lowry.  Construction of the project is being led by Weis Builders. A development timeline was not disclosed. Plans for the site also include a future, second phase with villa-style active adult homes.  Owned by Pohlad Cos., United Properties specializes in ground-up …

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Active AdultDevelopmentFloridaNews

United Group Begins Construction on 152-Unit Active Adult Community in Orlando Metro

by Hayden Spiess

WINTER PARK, Fla. — The United Group of Cos. has begun construction on Terracotta Terrace, an active adult community in Winter Park, roughly 6 miles northeast of Orlando.  Upon completion, the property will total 152 units reserved for residents age 55 and older. Residences will include one- and two-bedroom apartments, as well as penthouses. Additionally, the community will feature 12,000 square feet of amenity space. Amenities will include a pool, outdoor bar and kitchen, dog park, bocce ball, shuffleboard courts, fire pits, cabanas, a great room, café and bar area, movie …

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AcquisitionsActive AdultIndianaNews

Middle Street Partners Acquires 172-Unit Active Adult Community Near Indianapolis 

by Hayden Spiess

NOBLESVILLE, Ind. — Middle Street Partners has acquired Outlook Hamilton, an active adult community located in Noblesville, roughly 20 miles northeast of Indianapolis.  Totaling 172 units, the property marks the second active adult acquisition for Middle Street this year. In July, Middle Street completed the purchase of Elate Royal Oaks, an active adult community located in Houston.  “We’re excited about our recent acquisitions and the continued opportunities emerging in the Active Adult sector,” says Chris McGuffin, managing director of Middle Street. “Historically, the primary risk in this space was oversupply, but …

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