A sector of the Multifamily market which is showing strong growth and opportunities is Senior Housing. The Baby boomer generation is done raising children, so not such a need for a large home. With age, unfortunately comes health issues which make climbing stairs challenging. With retirement comes a limited income, so selling and downsizing their home can offer fewer expenses and a cash-cushion.
Benefits of renting to Seniors can be numerous. For example, they tend to have a proven and solid credit history.