Senior housing?? Great opportunity or too much risk?

[Jonathan Sher]

Hello all,

I recently came across (2) 8 family units in a nice part of town that is an age 55 and up apartment complex. It is not assisted living, but apartments for older tenants. The owner has of course praised how their vacancy is short lived and have small turnover. I'm just a little worried that since you're shrinking your pool of renters down to a smaller section (55 and up) if that would be a concern for finding tenants in a timely manor. On one hand, I know the baby boomers are a large group of individuals right now.. What are your guys thoughts?