WHY INVEST IN THE SENIORS HOUSING MARKET
EXPERIENCED OVERSIGHT BY INDUSTRY EXPERTS
Chancery works with trusted partners who have many years of industry experience. Steve Suske is an expert in the seniors housing industry and runs Suske Capital along with four second-generation Suskes (Steve’s daughter, son, son-in-law and daughter-in-law).
Working alongside the Suske family are companies who have worked with members of the Chancery team for many years. These companies include Points West Living, MTCO Holdings Inc., Hillsport Developments Inc., Avenir Senior Living and Greywave Consulting.
Chancery partners with these companies as we trust their commitment to developing seniors housing that will contribute to the quality of life for seniors and know that they will deliver on-time, on-budget and with the outstanding quality that we expect from a Chancery development.
Steve Suske is an expert in the seniors housing industry. Steve founded and led Chartwell Retirement Residences (TSX: CSH.UN), Canada’s largest seniors housing operator, as well as Regal Lifestyle Communities Inc. which was privatized by Revera Inc. and Welltower Inc. (formerly known as Health Care REIT, Inc.) on October 26, 2015. He also founded Spectrum Seniors Housing Development Corporation.
Suske Capital is currently the Asset Manager for Points West Living’s portfolio of over 460 suites across six properties and has developed over 70 retirement residences across Canada and the US.
Steve is currently Chair of each of Suske Capital’s portfolio companies including:
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MTCO Holdings Inc., Suske Capital’s GTA based seniors housing development company, which develops state-of-the-art retirement homes;
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Points West Living Limited Partnership, a portfolio of seniors housing properties in Alberta;
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Avenir Senior Living in the development of Nanaimo Memory and Complex Care, and Surprise Memory Care.
Chancery’s Investment management team has over 55 years of combined experience in consolidation, operation and opportunistic investments in the seniors housing industry.
Steve Suske's Previous Projects
Harwood Place
Opened in Spring 2015
Sold to Chartwell in Fall 2015
GFA: 122,890 sq. ft.
1.5 year construction
126 suites
Montgomery Village
Opened in Fall 2013
Sold to Chartwell in Fall 2015
GFA: 131,018 sq. ft.
1.5 year construction
136 suites
Nanaimo Memory Care
Opened in May 2017
GFA: 48,451 sq. ft.
1 year construction
83 beds
Bowmanville Creek Retirement Residence
Opened in July 2017
GFA: 143,920 sq. ft.
1.5 year construction
143 suites
Balmoral Place
Retirement Community
Opening in Fall 2017
GFA: 47,839 sq. ft.
1.5 year construction
176 suites
Click on image to enlarge.