SAN DIEGO—The need for wealth-transfer services by disinterested third parties and the development of highly amenitized assisted-living communities near the adult children of residents is growing, Douglas Wilson Cos.' president John Morrell tells GlobeSt.com.

The firm plans to work with legacy asset stakeholders and their professionals to assist in developing an action plan that best maximizes the value, use and return of these portfolio assets when they are transferred to beneficiaries. The plan's goal will be to set forth the most feasible, value-maximizing course of action, or its alternatives, after the portfolio is assessed and legacy stakeholders have input. In appropriate circumstances, DWC will assist the stakeholders in implementing the selected plan. Also, in appropriate circumstances, DWC will utilize its expertise to continue to assist stakeholders in ongoing portfolio management or disposition.

In addition, after several years of due diligence, DWC is entering the market-rate senior-housing business with the first of six to eight projects in the San Diego area. The firm broke ground in July on its first senior-housing project, a complex of 111 units of assisted living in Chula Vista, CA. The $30-million, 4.5-acre development is located at 1290 Santa Rosa Dr. on the final piece of developable land in Otay Ranch and consist of 85 apartments for assisted living and 26 units for memory care. Completion and grand opening are anticipated in late 2018.