Seniors Housing Business

AUG-SEP 2018

Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.

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Page 77 of 80 77 August-September 2018 n Seniors Housing Business Environmentalism ...United Group knows senior communities. DEVELOPMENT • INVESTMENT • MANAGEMENT • ACQUISITIONS With over 35 years of experience in senior housing and a focus on Independent Living / IL Light developments, ... For questions about United Group, its senior portfolio, or third-party management opportunities, please contact: ( 518 ) 687 - 7300 • • United Group is pleased to announce three new communities coming to Florida: The Alloro at University Groves – Sarasota, FL 183 units Arcadia Gardens – Palm Beach Gardens, FL 220 units The Sovana at Stuart – Stuart, FL 182 units own recycling program and community garden. Making maple syrup and tending beehives to produce honey are some of the earth-friendly activities residents enjoy. Wake Robin residents also have the opportunity to revel in nature along four miles of hiking trails. New meets old The best new developments combine those older "green" ideas and today's higher tech innovations. At Atria Woodbriar Place in Falmouth, Massachusetts, a much newer facility on Cape Cod, the LEED-certified buildings were built with recycled materials. Solar panels and Energy- Star rated appliances conserve energy usage. Timber Ridge in Issaquah, Washington, is now 10 years old. It is a resort-style retirement community that also has LEED-certified build- ings, but applies older principles by incorporating water-conserving plants into landscaping. A commitment to organic fresh produce is part of the environmental ethic at Rose Villa in Portland, Oregon. Founded more than half a cen- tury ago in 1962, the community today uses local fresh produce in its kitchen and residents grow grapes and raspberries in the gardens. Com- posting and recycling play a prominent role in the residents' commit- ment to sustainable practices. Environmentally conscious senior living is also blooming in the Ken- dal Crosslands Communities in Kennett Square, Pennsylvania. Opened back in 1973, it is another Quaker community and incorporates "living lightly on the earth" in a holistic sustainability plan. A unique feature of Kendal Crosslands is its focus on energy-saving methods that reduce the community's carbon footprint. Residents use a TV display to monitor the progress of energy-saving efforts in the com- munity. Some of these efforts include using cold water for laundry, keep- ing windows tightly shut and recycling. Yet another sign of the sustainability commitment in seniors housing comes from Brookdale Senior Living, the largest owner and operator of senior living communities across the United States, founded 40 years ago in 1978. In 2016 Brookdale began to publish its own Annual Sustain- ability Report. Brookdale's annual report includes its older and newer technological solutions to energy use, greenhouse gas emissions, water use and waste- to-landfill use. Brookdale encourages "Resident Green Teams" to pursue their own traditional environmental initiatives, such as banning the use of Styro- foam carryout containers in the dining rooms and educating other resi- dents about sustainability through posters and newsletter articles. Don't ignore the green wave It's inescapable: Green technologies and LEED design techniques are providing long-term cost savings for new seniors housing construction. Today's senior living developers should always be on the hunt for the best green solutions and builders available. Once a new community is completed, baby boomers and those that fol- low them will expect the same healthy living, marketing and food choices that the communities they leave behind have already established. This includes safe living, accessible green spaces, farmer's markets, farm-to- table food deliveries, and set-aside garden spaces inside residential com- pounds where residents can grow their own veggies and flowers. These are not new values, but they are values to keep and cherish. Rudy Trebels is the CEO and a founder of Wedgewood Investment Group. Founded in 2009, the company focuses on the funding and development of senior living commu- nities and offers a mezzanine debt and preferred equity program that concentrates on projects with energy savings.

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