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Active adult communities are residential developments which provide residents with a variety of amenities such as golf courses, coffee shops, exercise facilities, and community events.[1][2] These communities generally cater to individuals age 55 and older and may be age-restricted.[1][2] Although they often serve as retirement communities, a percentage of residents may not yet be retired, but simply interested in sharing a community with like-minded people in their age group.[2]
References:
1. Newhomessection.com. (2009) Glossary of Real Estate Terms. Retrieved August 9, 2009, from http://newhomessection.com/articles/.
2. Bankrate.com.(February 24, 2005.) Active adult living residents aren't retiring types. Retrieved August 9, 2009, from http://www.bankrate.com/vcs/news/real-estate/20050224a1.asp.
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