Senior living owners, operators and developers eagerly are awaiting a "silver tsunami" of Baby Boomers who will begin entering the average age range for assisted living nationwide—the early 80s—in four years.
But the 70 million Boomers born between 1946 and 1964—with ages now ranging from 58 to 76—already are doing the wave: they're lifting the fortunes of an emerging rental property type that rapidly is becoming the hottest growth sector in senior housing.
Active adult rental properties are aiming for Boomers in their early 70s (68-74 is the average range), a demographic that skews younger than independent living and attracts people who are more active and have much lower acuity needs than the current residents of independent living facilities.
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