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Marketing Retirement Communities to Older Consumers

Author

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  • George Moschis
  • Danny Bellenger
  • Carolyn Curasi

Abstract

Society is aging world-wide. This affords retirement communities an excellent opportunity if developers understand the preferences of the aging population. Using a national random sample, this study employs a segmentation analysis based on factors directly related to older consumers’ needs and lifestyles. Cluster analysis suggests four segments of the mature consumer market, each having different preferences and motives. This study provides a basis for designing an effective marketing strategy for retirement communities, which is central to meeting the objective of real estate developers and marketers of such communities.

Suggested Citation

  • George Moschis & Danny Bellenger & Carolyn Curasi, 2005. "Marketing Retirement Communities to Older Consumers," Journal of Real Estate Practice and Education, Taylor & Francis Journals, vol. 8(1), pages 99-113, January.
  • Handle: RePEc:taf:rjrpxx:v:8:y:2005:i:1:p:99-113
    DOI: 10.1080/10835547.2005.12091608
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    Cited by:

    1. Daniel G. Lindberg, 2024. "Interest rates and lifestyle-driven moves for older adults: a vector autoregression analysis," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 59(1), pages 39-50, January.
    2. Daniel G. Lindberg, 2022. "The price elasticity of senior housing demand: is it a necessity or a luxury?," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 57(4), pages 204-216, October.

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