Underwriting to durable demand from the largest, wealthiest cohort of older adults in U.S. history, not to a cyclical story.
Santry Development LLC has revised its development thesis around one conviction: 55+ age-qualified luxury rental housing is structurally underbuilt relative to demand, and the firms who develop it well, with disciplined siting, HOPA-compliant design, and realistic underwriting on costs and schedule, will be rewarded across cycles.
We've refined our strategy and don't chase every product type, ground-up multifamily development, and only when the demographic and regulatory fit for a 55+ age-qualified position is right.