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Solvida Development Group

Apartments for the Seniors Middle Market

Year 2021
Nearly 800,000 additional senior housing units will be needed in the United States by 2030
0 %
1/3 of seniors will not be able to afford senior housing
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2/3rds of seniors will not be able to afford senior living market rates
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This will allow Solvida to offer housing for 20-30% less

About Solvida Development Group

Solvida Development Group is a developer of unique and sustainable senior living communities specializing in the acquisition and conversion of hotels and other uncompetitive commercial assets. It utilizes tax credits programs such as Historic and New Markets Tax Credits to streamline construction costs. In areas of the country where the demand for affordable senior living is high, converting an uncompetitive hotel for $200-300 per square foot offers a a valuable resource to the community while delivering irreplicable returns to investors.

Solvida Development group story
Solvida Development group story

Our Team

As leaders in the health planning and construction design industries, our team at Solvida brings more than 100 years of combined experience to each project. By providing affordable housing options to mid-market seniors, Solvida is creating a new product category in this uncontested market space. Converting older and uncompetitive hotels at 70 percent of the cost of new construction enables value-based pricing and substantial returns.

Solvida Development Group

Living Life to the Fullest