What’s Driving the Senior-Living Investment Boom?

Siegler: “Ten thousand Americans are turning 65 every day, lifespans have been increasing for decades and are projected to continue to do so.”

SAN DIEGO—“We believe there is a growing need for various types of transitional housing—from nursing homes to independent living—for our aging community,” Pathfinder Partners’ senior managing director Mitch Siegler tells GlobeSt.com. The San Diego-based firm, which specializes in opportunistic and value-add real estate investments, recently acquired a 104-unit independent-living community within the Shalom Park Senior Living Campus at 5240 Park Circle, Aurora, CO, for $16 million from Shalom Park, the Colorado not-for-profit organization that owns the balance of the Shalom Park Senior Living Campus.

The community, which Pathfinder will rebrand as V-Esprit, is situated on approximately 15 acres and includes 60 apartments and 44 patio homes averaging 1,050 square feet. V-Esprit residents will have shared use of the campus amenities including the wellness center, exercise facilities, salon, bistro, swimming pool and spa.