Senior apartment building, who invests in them?

[Jonathan Sher]

Hello BP Fans,

Wanted to see if anyone has a personal experience investing in 55 and up age apartments. The apartments I'm interested in are not assisted living, providing no healthcare, maybe some common areas for minimal entertainment or services, but a place for older people to have an apartment surrounded by people closer to their age. Tenants would be responsible for their own meals, laundry etc. 

Thanks!