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Solvida Development Group

Apartments for the Seniors Middle Market

Year 2021
Nearly 1 million additional senior housing units will be needed in the United States by 2030
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1/3 of seniors will not be able to afford senior housing
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Solvida will create a new product category by converting uncompetitive hotels at 70% of the cost of new construction.
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This will allow Solvida to offer housing up to 25% less than market rates

About Solvida Development Group

Solvida Development Group is a developer of unique and sustainable senior living communities specializing in the acquisition and conversion of hotels and other uncompetitive commercial assets. In areas of the country where the demand for affordable senior living is high, converting an uncompetitive hotel for $130-$170 per square foot offers a substantial return to investors and a valuable resource to the community.

Solvida Development group story
Solvida Development group story

Our Team

As leaders in the health planning and construction design industries, our team at Solvida brings more than 100 years of combined experience to each project. By providing affordable housing options to mid-market seniors, Solvida is creating a new product category in this uncontested market space. Converting older and incompatible hotels at 70 percent of the cost of new construction enables value-based pricing and substantial returns.

Solvida Development Group

Living Life to the Fullest