Value Add Multifamily
Commercial Income Property
Historic Renovation and Adaptive Re-Use
Our Senior Living strategy is focused on those communities offering a “continuum of care”, incorporating assisted living (AL), memory care (MC), and, at times, independent living (IL) in a single location so that residents and their families may enjoy the comfort of knowing that aging in place is an option available to them. From an investment perspective, in addition to the well-publicized, highly favorable demographics tied to the aging of the Baby Boomer cohort, senior living also benefits from attractive GSE agency financing, providing great flexibility, including long term fixed rates and extended interest-only periods. As with student housing, senior living is currently characterized by an attractive yield premium versus market rate multifamily; this is a result of the significant operating expertise required, a key differentiating factor which limits competition and directly impacts property performance. Ownership of senior living communities continues to be highly fragmented, with a significant number of properties owned and operated by private individuals lacking the economies of scale and management expertise which our operating partner network provides. Through its focused value-added investment strategy, experienced team, operator relationships, and transaction structuring capabilities, Criterion Senior Living brings institutional scale and efficiency to the ownership and operation of quality senior communities, delivering improved results for residents and investors alike.