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Until recently, Capital Senior Living Corp. (NYSE: CSU) might have been considered a dull and steady company in a dull and steady field: senior living communities and assisted living. To borrow a well-worn phrase from a 1971 book title, that was then, this is now.

The first children of the first great Baby Boom are just now starting to turn 60, and can hardly call themselves Baby-anything. At the same time, their parents are living longer, now into their late 70s and up into their 80s or beyond. This puts Capital Senior Living in what is a secular growth spot.

Capital Senior Living has a business that aims to allow people to “age in place,” so to speak, and it is a small enough company that many investors are not familiar with the name. It operates retirement-age residential communities, and also offers assisted living and home care services. It operates 64 senior living communities in 23 states with a combined capacity of 9,500 residents. Capital Senior owns or has ownership interest in 37 of these senior living communities, while 24 are leased communities. The company manages three communities for third parties.

Nearly three-fourths of the residents of the communities operated by the Capital Senior Living live independently, while 24% require assistance to daily living and 2% require skilled nursing. The company is not immune to hurricane or earthquake damage with its Gulf Coast and California properties, but it is spread out enough across nearly half of the states in the United States to absorb much of any such disruptions.