In conjunction with NIC’s Active Adult Focus Area Committee, NIC recently published two new active adult resources available for existing industry stakeholders and for new entrants into the active adult space.
The first new resource, “Investment Thesis for Active Adult Rental Communities,” serves as an educational resource for investors, lenders, developers, operators, and third-party service providers. The presentation provides:
- An active adult industry overview
- Demand drivers, supply metrics, and market penetration rates
- Occupancy rates and rents
- Recent valuations
- And the latest outlook for the active adult industry
The second new resource, “Active Adult Fact Sheet for Municipalities,” serves as an educational resource for municipalities evaluating new active adult rental community development within their cities and towns. The fact sheet provides:
- NIC’s definition of active adult rental communities
- How active adult differs from conventional multifamily and traditional housing
- Typical benefits of active adult communities in cities and towns
- Characteristics of active adult rental communities and their residents
NIC appreciates the time and insights provided by the Active Adult Focus Area Committee to continue to push forward growth, resources, tools, and opportunities for the active adult industry.