DWC’s Commitment to Senior Living
This article is featured in the Fall 2017 Newsletter. To view the full newsletter click here.
Douglas Wilson Companies has added a new senior housing platform to the company’s portfolio, and earlier this spring, broke ground on 111 units of assisted living in San Diego’s South County.
Our $30 million, 4.5-acre development is located in the heart of Chula Vista’s affluent Otay Ranch.
When the community opens next fall, DWC will deliver 85 apartments for assisted living and 26 units for memory care in a highly amenitized environment.
At our ground breaking, we were honored to be joined by Chula Vista Mayor Mary Casillas Salas and by representatives from Milestone Retirement Communities, our gold standard operator, who will handle all management responsibilities.
Where will our aging population live?
The DWC Team has spent the last few years researching this market sector and we are actively looking for additional opportunities throughout the Western region. We are working closely with local municipalities to update their zoning – allowing for senior living and talking with other long-time property owners like schools, religious institutions and family trusts.
Based on our aging demographic and the need for updated and amenitized senior living communities, DWC has created a community program with the quality DWC is known for in the industry. Concurrently, we have formulated several tools we use to analyze markets and potential projects. By understanding the socioeconomic demographics of the area, projected growth in that area and then layering over additional units as that demographic ages, we can make a “go” or “no go” projection. DWC is focused on developing and holding senior living assets as long term investments.
Every day for the next 20 years, 10,000 people will turn 65
