Solvida Development Group delivers an innovative and community
centered approach to meet the demand for attainable senior living
residences in select regions of the country. A third of U.S. seniors
earns too much to qualify for subsidized housing but not enough to
afford currentmarket rates. Solvida offers a solution that benefits
individuals and the local community: converting uncompetitive
hotels into attainable, resort-style housing alternatives for middle
and lower-income seniors.
Apartments Designed with Seniors in Mind
While only select hotels lend themselves to conversion, the right property can provide a platform for affordability while delivering extraordinary returns. The National Investment Center for Seniors Housing & Care projects that 800,000 additional senior housing units will be needed in the United States by 2040. Solvida will target underdeveloped and growing markets for senior housing, including major primary and secondary markets.
Leaders in Health Planning and Construction Design
With over 100 years of combined experience in the senior housing industry, we are creating a new product category by converting functionally uncompetitive hotels at 60 percent of the cost of new construction. Solvida is uniquely qualified, having completed successful rehabilitation projects including the return of capital to investors and banks through the great recession of 2007. Our real estate development model is successful for the following reasons:
- Almost no current competition for seniors earning $50-65k
- One million new senior housing units needed in the U.S. by 2040
- Success targeting U.S. secondary and retirement markets
The end product is a functional, resort-style facility offering prices up to a third less than market rates. This price point is uncontested in its property class, giving Solvida what marketers call a blue ocean market advantage for extraordinary profitability.
Revitalizing Hotels for Affordability
By converting uncompetitive hotels into senior healthcare investments, Solvida provides value and a fresh and exciting product amidst tired competitors. Aside from the obvious cost benefits over new construction, our approach revitalizes communities by transforming an older hotel into an asset. Our model enables value-based pricing and a project IRR of 30 – 45%
The Opportunity: A Perfect Storm of Failing Hotels
Uncompetitive hotels facing functional obsolescence fuel Solvida’s model for attainable senior living. The senior housing market is the opportunity of a lifetime as Baby Boomers age into retirement. Successful investors will take advantage of a 5-7year window. Property characteristics will be carefully analyzed in order to determine the mix of independent living, assisted living and memory care options.
Redeveloping Our Cities for Affordability
Solvida brings years of developer and management experience as well as a passion for the empowering effects of community in senior living. Solvida management and advisors offer a wealth of experience in healthcare planning experience, budgeting, marketing, and architectural prowess. Contact Solvida Development Group online to learn more about this unique investment opportunity or to recommend a hotel or other property for conversion.