Developer Focused on For-Rent Housing for 55+ Adults Launches in Denver
According to the Population Reference Bureau (PRB), the number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060. Despite a growing demand for housing targeted at this demographic, severe housing supply shortages and an overall lack of affordability have led to an enormous rental housing crisis.
In an effort to successfully combat this issue, Headwaters Group, a vertically integrated real estate owner and developer based in Denver, officially launched its operations this week. Headwaters will focus on addressing gaps in the housing market by developing for-rent communities that empower active 55+ adults to live better.
A team of seasoned commercial real estate professionals, including Managing Partner Ben Burke, SVP of Operations and Finance Chris Ducay, SVP of Development Jeff Hoffman, and Director of Investments Lauren Napheys leads Headwaters Group.