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Build on your CCRC continuum with active adult housing
HOW WOULD YOU LIKE TO ENHANCE YOUR MARKET RESPONSIVENESS, increase your average length of stay, optimize your resident profile, improve your operating profit margin, and possibly put another $300,000 to $500,000 in your coffers? Better still, how would you like to accomplish this with limited capital and with acceptable market and financial risk?
If the answer is yes and you have land available on your campus, consider adding active adult housing. The active adult product frequently consists of single-family homes with living areas of approximately 1,500-1,800 square feet with garages. The resulting unit density is 7-10 units …