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Why the Need for Senior Housing is Growing

SAN DIEGO—With 10,000 people turning 65 every day for the next 19 years, lack of inventory will be a problem if developers don’t jump on it, SLIG’s Weston Harmer tells GlobeSt.com as the firm prepares to open a San Diego office.

Weston Harmer Harmer: “We have a pretty good name in San Diego, and we started seeing the need for real estate services there—the market kind of told us to open this office.”

SAN DIEGO—With 10,000 people turning 65 every day for the next 19 years, lack of inventory will be a problem if developers don’t jump on it, Strategic Legacy Investment Group Inc.’s VP of sales Weston Harmer tells GlobeSt.com. The firm, a Los Angeles-based investment company, is expanding its real estate operations to San Diego with the opening of a new branch here. The new branch will be named Strategic Legacy Realty, San Diego and will be spearheaded by real estate veteran Harmer; joining him is senior associate Anna Larsson.

SLIG’s real estate operations include the development of five multifamily projects in Hollywood and Westchester and two assisted-living and memory-care developments in San Diego’s Vista and La Costa neighborhoods. SLIG. also acquired an office/retail mixed-use building in the heart of the Fashion District of Downtown Los Angeles, which serves as its corporate headquarters.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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