/Baby Boomers are ditching their large homes and the high taxes, endless maintenance, and large util…

Baby Boomers are ditching their large homes and the high taxes, endless maintenance, and large util…

Baby Boomers are ditching their large homes (and the high taxes, endless maintenance, and large utility bills) for convenient, in-town rentals. We’re seeing this trend firsthand across our portfolio in our downtown buildings across the NYC metro area. The National Multifamily Housing Council is predicting those aged 55+ will soon be 30% of the housing demand in the Northeastern U.S. – a 25% increase from today’s level.