Why Multifamily, Senior Housing Hybrids Could Shape the Future of Intergenerational Living – Senior Housing News

Jeremy Bitterman for The Canyons

The lines between multifamily apartments and senior living are continuing to blur, as demonstrated by two stories that ran on Senior Housing News in the last week:

  • The Canyons is a new community in Portland, Oregon, that is not age-restricted but is targeting a resident population that is 70% older adults and 30% younger renters
  • Garden Spot Communities CEO Steve Lindsey is looking beyond age-restricted housing to create a model that will appeal to the next generation of older adults

Intergenerational living has been a rising trend for several years and is the goal for The Canyons and for Garden Spot. I believe that shifting consumer preferences and economic considerations support the further acceleration of intergenerational living and could lead to more communities like The Canyons, with key factors including:

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Tim Mullaney

If he’s not in the newsroom, Tim likes to be on the tennis court or traveling to a new destination. Recent highlights include Sri Lanka and Iceland.