{"id":34243,"date":"2022-09-29T05:04:00","date_gmt":"2022-09-29T12:04:00","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=34243"},"modified":"2026-02-22T15:34:34","modified_gmt":"2026-02-22T23:34:34","slug":"active-adult-white-paper","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/active-adult-white-paper\/","title":{"rendered":"Defining Active Adult Properties"},"content":{"rendered":"\n<p>Have you heard the term \u201cactive adult\u201d lately? This buzzword and the meaning behind it was recently discussed in an eye-opening white paper by the <a href=\"https:\/\/www.nic.org\/\">National Investment Center for Seniors Housing and Care<\/a> (NIC).<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/09\/242929813-1920x1280-1.jpg?w=1200\" alt=\"\" class=\"wp-image-34244\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/09\/242929813-1920x1280-1.jpg 1200w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/09\/242929813-1920x1280-1.jpg?resize=768,512 768w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/09\/242929813-1920x1280-1.jpg?w=400 400w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/09\/242929813-1920x1280-1.jpg?w=500 500w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/09\/242929813-1920x1280-1.jpg?w=600 600w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/09\/242929813-1920x1280-1.jpg?w=720 720w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/09\/242929813-1920x1280-1.jpg?w=800 800w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2022\/09\/242929813-1920x1280-1.jpg?w=1000 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n<p>The report \u2014 <a href=\"https:\/\/blog.nic.org\/white-paper-active-adult-property-type-and-resident-demographics\">Active Adult Rental Properties: Defining the Emerging Property Type<\/a> \u2014 seeks to educate the industry and potential investors by defining what active adult living entails. NIC shares never-before-seen property inventories, market trends, financial performance metrics and more.<\/p>\n\n\n\n<p>Keep reading for a highlight: &nbsp;<\/p>\n\n\n\n<p><strong>What are active adult properties?<\/strong><\/p>\n\n\n\n<p><em>Active adult rental properties are age-eligible, market rate, multifamily properties that are lifestyle focused.<\/em><\/p>\n\n\n\n<p>That\u2019s the definition NIC provides in an effort to clarify \u2014 and simplify \u2014 what active adult living means. They describe active adult rental properties as those that appeal to younger, healthier and more active older adults, often ages 55+.<\/p>\n\n\n\n<p>But how did active adult properties emerge? As NIC puts it, this segment of real estate comes in response to the preferences of a specific generation: baby boomers. Simply stated, baby boomers have lower acuity needs than residents in traditional senior housing environments, and they\u2019re drawn to the lifestyle, convenience and amenities of conventional multifamily living but with residents of their own age cohort.<\/p>\n\n\n\n<p>So there you have it, a new style of real estate was born to meet the needs of these boomers \u2014 now referred to as active adults. &nbsp;<\/p>\n\n\n\n<p>NIC shares what they refer to as \u201ccritical components\u201d of the active adult rentals definition to provide more clarity:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Age-eligible:<\/strong> The property must restrict residents based on age<\/li><li><strong>Majority market rate:<\/strong> LIHTC (low-income housing tax credit) properties are excluded<\/li><li><strong>Multifamily:<\/strong> Excludes single-family home-only communities (SFH)<\/li><li><strong>Rental properties:<\/strong> Excludes for-sale properties<\/li><li><strong>Meals not included through property operations or base rent:<\/strong> The property does not include meals (lunch or dinner) or allowances\/credits for meals<\/li><li><strong>Lifestyle focused:<\/strong> Affording the residents a setting and environment that helps them to thrive<\/li><li><strong>Not a static definition:<\/strong> The active adult definition and the property type is expected to evolve as the product matures<\/li><\/ul>\n\n\n\n<p>You can <a href=\"https:\/\/blog.nic.org\/white-paper-active-adult-property-type-and-resident-demographics\">read the full white paper<\/a> for a more thorough breakdown. &nbsp;<\/p>\n\n\n\n<p><strong>More on active adult properties<\/strong><\/p>\n\n\n\n<p>Looking for a more specific depiction of active adult properties? From average configurations to pricing, the NIC report covers it all. One key takeaway is active adult properties are a happy medium between multifamily and senior housing properties.<\/p>\n\n\n\n<p>To illustrate that point, NIC shares examples like the fact that active adult properties are designed for shared activities, with more common spaces than conventional multifamily housing, but less than your average senior housing property. <a href=\"https:\/\/blog.nic.org\/white-paper-active-adult-property-type-and-resident-demographics\">Read more from NIC<\/a>. &nbsp;<\/p>\n\n\n\n<p><strong>Progression of resident needs<\/strong><\/p>\n\n\n\n<p>We\u2019ve covered that active adults have lower acuity needs than today\u2019s seniors. According to NIC, they associate senior housing with residents whose acuity levels are too high for their current lifestyle choice, and they want something different. &nbsp;<\/p>\n\n\n\n<p>You can view their visually-appealing chart in the white paper, where NIC outlines how housing segments progress depending on resident care needs \u2014 starting with multifamily and active adult, then ending with skilled nursing and hospitals.<\/p>\n\n\n\n<p><strong>Benefits of the active adult market<\/strong><\/p>\n\n\n\n<p>There are several benefits that come with the emerging active adult market, from longer resident tenure to lower expenses. A big point of mention for investors is while active adult properties may be higher risk than those in multifamily, they\u2019re less risky than traditional senior housing communities.<\/p>\n\n\n\n<p>The NIC white paper offers more interesting insights, so we encourage you to <a href=\"https:\/\/blog.nic.org\/white-paper-active-adult-property-type-and-resident-demographics\">grab a copy<\/a>. &nbsp;Happy learning! &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have you heard the term \u201cactive adult\u201d lately? This buzzword and the meaning behind it was recently discussed in an eye-opening white paper by the National Investment Center for Seniors Housing and Care (NIC). The report \u2014 Active Adult Rental Properties: Defining the Emerging Property Type \u2014 seeks to educate the industry and potential investors [&hellip;]<\/p>\n","protected":false},"author":782,"featured_media":34244,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2952],"tags":[842],"class_list":["post-34243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-senior-living","tag-senior-living"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"A 2022 white paper by NIC explores and defines active adult rental properties. 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