RENTALS FOR ACTIVE ADULTS AGES 55+
The oldest retirement (or senior living) community in the United States — ironically named Youngtown — is in Arizona. It’s older now than many of the folks who first took up residence there back in the late 1950s.
Funny thing, though: It’s no longer an exclusive retirement community; the state’s attorney general overturned the Senior Age Overlay in 1998. Now anybody of any age can be a resident there.
However, while Youngtown is no longer a haven just for retirees and so-called “older” residents, many places are still designed exclusively for the older crowd. These 55+ or 62+ communities — also called retirement communities, senior communities, independent retirement communities, etc. — maintain a strong and growing presence among the country’s housing landscape.
The senior population is growing. More and more baby boomers are entering retirement age. Senior communities are tasked with a great challenge: to manage an influx of new residents, new applications for housing, and new methods of maintaining a lively and livable space.
After all, today’s seniors are much different — and likely to live much longer — than seniors from previous generations.
As Market Watch reports, “The number of households with people aged 80 and over jumped 71% from 4.4 million in 1990 to 7.5 million in 2016, according to Harvard’s Joint Center for Housing Studies in its ‘Housing America’s Older Adults’ report. As baby boomers age, the number of households in this group will more than double by 2037.”
Property management groups are designed precisely for this type of challenge.
Many Types of 55+ Communities
It’s important to note that these 55+ communities are usually designed with active residents in mind. That’s why so many of them feature amenities, such as golf courses, swimming pools, community centers, gyms, and movie theaters.
It’s also important to mention that there are as many different types of senior living communities as there are different types of seniors.
So while a great many feature the amenities listed above, others are focused on appealing to different clientele. For example, there are faith-based retirement communities and health-based senior living communities (with medical components). There are also independent living, assisted living (with different levels of care), and single retirement communities, to name just a few.
Regardless of the particulars, managing a 55+ community is a massive undertaking — one that requires a particular set of skills. It also requires a breadth of knowledge that encompasses more than just the ins and outs of daily community care and maintenance.
For example, The Villages in central Florida is reported to be the largest age-restricted community in the United States. It has more than 56,000 homes spread over three counties!
The Management Group: 55+ Communities
TMG Property Management Services offers three, age-restricted communities in Washington state for active adults. Our luxurious homes feature lots of amenities, do not have a medical component, and have no maximum income limitations.
If you’re in the market for senior living communities in Vancouver WA or nearby communities, please take a look at our available rentals. We’re proud to manage senior housing near Vancouver, Washington. We look forward to hearing from you as we explore senior living opportunities with you!