The 234 Apartment

NEW YORK – Aug. 22, 2017 – With all the talk about aging baby boomers and life- extending health care advances , it might be a bit bewildering deciding which seniors housing assets are best primed for success. Lee Everett, managing consultant at research firm CoStar Portfolio Strategy , might be able to provide some clarity. Two product types – active adult communities and continuing care retirement communities (CCRCs – will be the winners in the seniors housing race both in the short and the long term, Everett says. Everett and his CoStar colleagues are bullish about active adult communities , which are age-restricted developments that offer an independent lifestyle and relatively maintenance-free housing. Growth in this segment is "just around the corner," with more baby boomers getting older and seeking alternatives to traditional homes and apartments. "We're looking at a period where there's going to be a lot of fast and explosive growth in active a...

The New Zealand apartment and townhouse market shows no sign of abating and is forecast to grow another 9.2 per cent next year, a sign that the Australian market could follow suit, new research from IBISWorld shows . Multi-unit apartment and townhouse construction will be fastest growing industry in New Zealand ahead of in-demand industries such as superannuation funds and aged care residential services . Apartment and townhouse prices will continue to grow 16.2 per cent a year until 2018 and then taper down to 2.3 per cent a year between 2018 and 2023. Driving this is  strong population growth of more than 2 per cent, which is higher than Australia's, IBISWorld senior industry analyst Tommy Wu said. Australia's population is growing at 1.6 per cent at the end of 2016, according to the Australian Bureau of Statistics. "The New Zealand market has similarities with the Australian market. They both have low interest rates – which drive the demand – but the main reason Ne...

As Towson University students prepare to head back to campus this week, university officials say complaints of loud, unruly gatherings near the campus are down by as much as 50 percent in some neighborhoods since the Baltimore County Council passed an ordinance to deter problem behavior . After numerous neighborhood complaints of public urination, property damage and excessive noise in residential neighborhoods, the council passed the Social Host–Unruly Social Gatherings ordinance in January 2016 to target problem landlords and renters through their pocketbooks. The two-year pilot, which was introduced by County Councilman David Marks , will expire in January. With a full school year having passed since the enactment of the ordinance, neighbors, Towson University officials and county police officials say it is working to curb problem behavior . Marks said he will seek reauthorization of the legislation. "I think it's having the effect we wanted and it's had, mor...