CHICAGO—The increased demand for new seniors housing is driven by more than simple demographics. That was the conclusion of officials from Chicago-based CA Ventures, LLC after they recently finished several years of careful study. The entire concept of what seniors consider a good life has changed in profound ways, and much of the housing constructed in the boom of the 1990s no longer meets their needs.
As reported in GlobeSt.com, CA Ventures, a well-known provider of student and multifamily housing, just launched a subsidiary called CA Senior, LLC, and has entered into a joint venture with an affiliate of Goldman, Sachs & Co. to develop 14 senior housing communities across the US, including a 101-unit senior housing community in Mason, OH, a suburb of Cincinnati.
“The developments from 20 years ago were built for another generation and they have become obsolete,” John Dempsey, chief operating officer of CAS, tells GlobeSt.com.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
