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Real estate investing in older adults: What’s best?

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...

Milestone Apartments REIT Completes US$74.0 Million Acquisition of Shadow Creek Apartments in Houston

TORONTO / DALLAS, TX, Oct. 30, 2014 (Canada NewsWire via COMTEX) -- Milestone Apartments Real Estate Investment Trust (MST.UN) ("Milestone" or the "REIT") today announced that it has completed the purchase of Villas at Shadow Creek ("Shadow Creek" or the "Property"), a 560- unit multifamily apartment community located in the Pearland submarket of Houston, Texas, for a purchase price of US$74.0 million. This acquisition was previously announced by the REIT on September 15, 2014. Shadow Creek was built in two phases in 2006 (296 units) and 2007 (264 units) and is currently approximately 95% occupied, with average monthly rents of approximately US$1,200 per unit. The Property's average in-place rents are higher than the REIT's portfolio average in part due to a higher proportion of two and three- bedroom apartment suites . Shadow Creek has the potential for a value- add program relating to unit interior upgrades . The Property features ...

Gotham Breaks Ground on $520M Manhattan Development

Midtown West Development " src="https://media.atre.yardi.com/1/11100/images/Gothams-Midtown-West-Development-.jpg?w=270&h=129" alt="" width="270" height="129" /> Gotham's Midtown West Development New York— Gotham Organization Inc. has commenced construction on a $ 520 million development in Manhattan’s Midtown West district . The four-building complex will span from West 44 th to West 45 th Street and from 10 th to 11 th Avenues. The mixed-use project will have over 1,200 units available for rent. “Through an innovative partnership with the City of New York, Gotham Organization is proud to take the lead on a development that changes the face of Midtown West,” says David Picket, president of Gotham Organization . “This bold investment in our City’s future will create hundreds of new jobs, generate millions of dollars in revenue for the construction industry, contribute toward the building of a new primary school and provide ...

• Deercreek Village Apartments • deercreekvillageapartments.com

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Deercreek_Village_Apartments About Us. Deercreek Village is located in the heart of the residential and retail corridor of Bellefontaine, Ohio. Our community offers beautiful ranch -style one ...  Deercreek_Village_Apartments Deercreek Village Apartments. Beautiful One, Two & Three Bedroom Apartment Homes  Deercreek Apartments in Fort Dodge, IA 50501 | Fort Dodge ... Deercreek Apartments | Fort Dodge Apartments for Rent - Official Deercreek Apartments . Find accurate and up-to-date prices, pics, floorplans and amenities for ...  Jacksonville Apartments for Rent | Jacksonville, FL Rentals ... Find a great apartment in Jacksonville, Florida on Apartments.com! Get 360-degree views of floorplans, view photos and video walkthroughs. Send rentals to your phone ...  Beavercreek Apartments for rent at The Village on Beaver Creek ... Welcome. 1 & 2 Bedroom Apartments for rent in Beavercreek Ohio . The Village on Beaver Creek Apartments offers you a serene Beavercreek ...

An overview of the 2017 Buffalo apartment market

Multifamily sales totaled $147 million in the Buffalo area market in 2016, up from $127 in 2015 and again above the $ 100 million dollar level achieved each of the last five years.  The investment market is most active in suburban garden apartment complexes . Private locally based principals were active as both buyers and sellers with prices at all-time high per unit valuations . These older apartment properties comprise the majority of the existing inventory and are often fully occupied with rising rents. From a tenant perspective they are often the best housing available at a given price. Located in dense residential neighborhoods , they are near employment, shopping, entertainment and within desirable suburban school districts . It would be impossible to duplicate them today in the same locations with the same rent structure and consequently they have little competition in their price range. This drives the rent growth that attracts investors. In April of 2017, RENTCafe’s surve...

SF Deltas room together in Nob Hill apartment complex

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http://www.sfgate.com/sports/article/SF-Deltas-room-together-in-Nob-Hill-apartment-11729292.php By Juan Reyes Updated 11:06 am, Friday, August 4, 2017 Nana Attakora relax in Ouimette’s apartment in San Francisco . Photo: Scott Strazzante, The Chronicle" /> Photo: Scott Strazzante, The Chronicle The Deltas’ Karl Ouimette (left) and Nana Attakora relax in Ouimette’s apartment in San Francisco . It’s Wednesday afternoon and some pro soccer players are sitting around a small kitchen table , immersed in an intense card game similar to poker. San Francisco Deltas team captain Nana Attakora shuffles his cards with his thumbs, patiently waiting for his teammates to make a move. Bryan Burke throws down his hand and says he’s out of the game, followed quickly by Danny Cruz, as a song from Kanye West’s “Life of Pablo” album blares in the background. Attakora stares down Kyle Bekker, who’s taking his sweet time, but like his teammates before him, Bekker folds as well. This is jus...

Aging in luxury: $20,000-a-month senior living on the horizon

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Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won't want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They'll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for on the corner of ...

Manhattan Gets $20,000-a-Month Homes for New Breed of Seniors

(Bloomberg)—Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won’t want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They’ll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for o...

Watertown Daily Times | As popularity and prices rise, developers build more tiny units

ARTICLE OPTIONS Throughout his early 60s, Brad Buchner and his wife, Elizabeth, lived in the kind of house that many near-retirees dream of: a peaceful, manageable ranch- style property tucked in a quiet Poconos town surrounded by trees, lakes, and plentiful open space . Costing anywhere from $30,000 to $150,000, tiny homes designed by Escape Homes enable anyone to travel around the country in a single-family home. As it turns out, however, that’s exactly what Buchner and his wife don’t want as they think about the next years of their lives. Three years ago, the Buchners packed their things and headed to Philadelphia, settling down in a Center City rental . As if ditching their longtime rural digs weren ’t enough, the pair also abandoned spaciousness, swapping their three-bedroom, two-bathroom home for precisely 345 total square feet . The transition has meant parting ways with a fully finished basement and a home office, and adjusting to an ovenless kitchenette and two miniature...