Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

Senior Living (facility)

Specialized housing designed specifically to accommodate the needs of senior citizens, but whose function is not primarily healthcare. Note: Senior Living facilities without medical care should be classified in the Apartments (A) property type.

Source: NCREIF | Date: 23 October 2026 | ID: D0535 | Version: 2