Global Definitions Database

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

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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: 29 April 2020 | ID: D0535 | Version: 2