There is no property location added.
There is no property location added.
There is no property location added.
There is no property location added.
Fully Entitled Shovel Ready 378-Unit Development Opportunity
The property is fully entitled and architectural & design plans are completed; shovel ready for developers to start building.
In the state of Connecticut, 18% of the population is over 65 years old, highlighting the strong demand for senior living
communities.
Connecticut has the 6th highest median household income showing a demand for Class A senior living. Additionally,
Connecticut has the 4th highest mean household income in the United States. Senior Housing in the New Haven MSA has seen strong YOY rent growth at 4.6%, with the last 4 years averaging 2.85%. Over the last 4 years, there has been overall positive absorption of 193 units The New Haven MSA ranks in the top 100 markets for senior citizens to retire in (per U.S. News).
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