Active Adult

AcquisitionsActive AdultCaliforniaNews

IPA Brokers $23.9M Sale of Zen Diamond Valley Senior Living Apartments in Hemet, California

by Jeff Shaw

HEMET, Calif. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Zen Diamond Valley Senior Living Apartments, a 177-unit active adult community in the Inland Empire city of Hemet. Investment Concepts acquired the property for $23.9 million. “One of the fastest-growing submarkets in Southern California, the Inland Empire is well suited to meet demands for seniors housing,” says Bill Roblero, vice president of investments in Marcus & Millichap’s Ontario office. “Supported by the area’s strong economic fundamentals and demographics, Zen Diamond Valley Senior …

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AcquisitionsActive AdultNew YorkNews

Marcus & Millichap Brokers $118M Sale of Active Adult Community on Long Island

by Jeff Shaw

PORT JEFFERSON STATION, N.Y. — Marcus & Millichap has brokered the sale of The Vistas of Port Jefferson, a 244-unit active adult community in Port Jefferson Station. Built in 2019 on 27 acres, the 30-building property is located on the North Shore of Suffolk County in Long Island. The unit mix is 36 one-bedroom flat units, 144 two-bedroom flat units, and 64 two-bedroom townhouses. The Port Jefferson Long Island Railroad station and Northwell Mather Hospital are both nearby. The asset sold for $118 million, or $483,607 per unit. Greystar acquired …

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Active AdultDevelopmentIndustry Voices

Developers Say Active Adult Has a Bright Future, but Success Will Require Better Clarity, Marketing

by Jeff Shaw

Panelists Bob May, Managing Partner, Avenida Partners Michael Hartman, Principal, Active Adult, Capitol Seniors Housing  Michael Uccellini, President & CEO, United Group of Companies Chris Guay, Founder & CEO, Vitality Living Ryan Maconachy, Vice Chairman, Health & Alternatives Assets, Newmark (Moderator) By Jeff Shaw Active adult communities are a hot development class within the seniors housing continuum right now. One complication, though, is that the concept is much more nebulous than independent living, assisted living, memory care and skilled nursing. The National Investment Center for Seniors Housing & Care (NIC) does not yet track active adult metrics. A CBRE survey …

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Active AdultFrom The MagazineInvestment

Why So Many Investors Are Chasing Active Adult

by Jeff Shaw

Favorable demographic trends and the sector’s strong performance during the pandemic have helped attract capital, says InterFace panel. By Matt Valley Aron Will refers to active adult as the “chameleon asset class” because it exhibits characteristics of both the multifamily and seniors housing sectors. “Quite frankly, there are more characteristics of seniors housing than people give it credit for,” said the vice chairman and co-head of National Senior Housing for CBRE. But from an investment sales standpoint, many buyers and sellers view the sector through a prism that is either …

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Active AdultNewsOperations

Active Adult Requires More In-Depth Sales Strategy than Traditional Seniors Housing, Say Webinar Panelists

by Jeff Shaw

As more and more traditional seniors housing developers dip their toes into active adult, one of the challenges is understanding how this newest segment is both similar and different from independent living, assisted living and memory care. Perhaps most importantly, while all segments target seniors, it could be argued that the customer base is completely different. “With traditional seniors housing, about 70 to 80 percent of the initial search comes from an adult child, not the potential resident — typically a female, maybe an adult daughter or granddaughter,” said Julie …

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Active AdultAssisted LivingCCRCIndependent LivingIndustry ContentMemory CareOperationsSkilled NursingTechnologyVideosWebinars

Webinar: Seniors Housing — Lead Generation Lessons from Active Adult Communities

by Sarah Daniels

  What can traditional seniors housing operators learn from successes in the active adult community segment, especially when it comes to generating interest and inquiries? How can active adult communities improve their own marketings strategies? These were the questions that Seniors Housing Business‘ latest webinar “Seniors Housing — Lead Generation Lessons from Active Adult Communities” sought to answer on Oct. 6. This webinar, sponsored by LeadingResponse, covered the following topics and more when it comes to best practices for marketing in the senior living space: Julie Podewitz, Vitality Living, explains …

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Active AdultAffordable HousingAssisted LivingFinanceIndependent LivingIndustry ContentInvestmentOperationsVideosWebinars

Webinar: Seniors Housing Valuation Outlook — Fundamental Marketplace Drivers

by Sarah Daniels

  On Sept. 28, Seniors Housing Business and sponsor V&IG hosted the webinar “Seniors Housing Valuation Outlook — Fundamental Marketplace Drivers in Today’s Environment“. Seniors housing experts spoke candidly about factors like labor shortages and the spread of the Delta variant impacting seniors housing valuations and the industry’s struggle to return to pre-pandemic transaction volumes. As the year has progressed, how has the outlook changed for seniors housing professionals to take into account market trends and the activity of buyers and sellers? How are cap rates and cash flow influencing …

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Active AdultDevelopmentIndianaNews

Capitol Seniors Housing Breaks Ground on The Outlook at Hamilton Town Near Indianapolis

by Jeff Shaw

NOBLESVILLE, Ind. — Capitol Seniors Housing has broken ground on The Outlook at Hamilton Town Center, an active adult community in Noblesville, a suburb of Indianapolis. The 145,000-square-foot, four-story community is reserved for those age 55 and older and will offer 164 units. The property is adjacent to Hamilton Town Center, an outdoor shopping, dining and entertainment destination. The community will also be within walking distance of a recently announced, 274-acre, master-planned development known as Hyde Park, which will include a mix of retail, restaurants, office space and 162 acres …

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Active AdultAffordable HousingAssisted LivingIndependent LivingIndustry ContentOperationsPeopleTechnologyVideosWebinars

Webinar: Using Technology to Reduce Operational Costs & Enhance Resident Experience

by Sarah Daniels

  On Sept. 22, Seniors Housing Business and sponsor ecobee hosted the webinar “Seniors Housing: Using Technology to Reduce Operational Costs & Enhance the Resident Experience.” With the need to reduce energy use and protect employee time (while limiting unnecessary interactions with residents), making technology a part of senior living communities has never been more important. Smart thermostats offer a wide variety of benefits, especially for communities trying to improve their NOI. Thermostat solutions can mean less unplanned contact for staff and more control for residents, as well as energy and …

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Active AdultDevelopmentNewsTexas

Cadence McShane Construction to Build 200-Unit Century Heights Active Adult Community in Beaumont, Texas

by Jeff Shaw

BEAUMONT, Texas — The City of Beaumont Housing Authority, in partnership with Brinshore Development, has selected Cadence McShane Construction Co. to build Century Heights, an active adult community in Beaumont, located near the Louisiana border east of Houston. The property will feature 200 units on a 6.8 acre plot.The four-story low-rise will feature four different unit configurations, varying between one- and two-bedroom apartments. Steinberg Dickey Collaborative is serving as project architect. Completion of the project is slated for the end of 2022.

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