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Kretchmer Associates

Kretchmer Associates

  • About Us
    • Our Process
    • Our Team
  • Services
    • Affordable Housing
    • Market-Rate Residential
    • Senior Housing
    • Commercial & Retail
    • Industrial
  • Case Studies
  • Contact Us

Senior Housing

Feasibility analyses and market studies for independent living, assisted living, memory care, and skilled nursing projects.

As senior housing becomes more competitive, developers need to take a strategic approach to finding the right niche and securing financing.

That’s where we come in. We take a holistic look at your location and market, analyzing competitors, location, demographics, income levels, net worth, and disability factors. Then we offer recommendations on what the market will support; what unit mix, services and amenities are needed; and what rents or price points are realistic.

We cover the full spectrum of senior housing – our experience encompasses everything from market-rate independent living, assisted living, and memory care facilities to strategic assessments for skilled nursing facility operators. We’re also the authority on affordable assisted living, having completed more market studies in this area than any other consultant.

As a result, we have a high success rate helping developers and sponsors secure municipal approvals and both private and public financing across the Midwest.

Featured Projects

  • Copley Hospital Redevelopment - Aurora, IL

    Bloomhaven Innovative Living Community – Aurora, IL Learn how we helped Fox Valley Developers plan for redevelopment of a decommissioned hospital campus in downtown Aurora, IL. Learn More

  • Cje Senior Life Banner Development Deerfield

    Tamarisk Senior Apartments – Deerfield, IL Read how we helped CJE SeniorLife and Banner Development gain municipal approval for an independent living facility aimed at Jewish seniors. Learn More

  • Belmont Village

    Senior Housing Needs Study – Northwest Chicago Suburbs Discover how our work helped 5 Chicago municipalities collaborate to meet senior housing needs. Learn More

Benjamin Hart

We have used Kretchmer Associates in a number of market study engagements over the years. They have always done a thorough and professional job. Their results are insightful, but more importantly they are reliable.

Benjamin Hart
Heritage Operations Group

Darrin Jolas

Without a doubt, the success we have experienced in developing our affordable assisted living platform is in no small measure attributable to Kretchmer Associates. Their market analysis on a state-wide level guided us to certain markets, while their insights into particular sites helped define our success. We are working to develop our tenth Silver Birch Living community in the State of Indiana. Valerie and her team are directly linked to that progress.

Darrin Jolas
Vermilion Development

Steve Kaufman

My partner and I have worked with Kretchmer Associates for many years. The in-depth market research they perform is outstanding. Complete and precise information is so important in the ever-changing healthcare industry, and Kretchmer Associates provides just that! Their conservative and detailed approach is an important element for us. We plan to continue our working relationship for years to come!

Steve Kaufman
Senescent Healthcare

Michael Poulakidas

When our team undertook the redevelopment of [Aurora’s] Old Copley Hospital into the Bloomhaven Innovative Living Community, there was only one firm that we trusted to prepare our Senior Housing Market Assessment, and that was Kretchmer Associates. Valerie assisted with the assessment and consulted in the design of the adaptive reuse and in finding the management company that best fit our needs. We cannot thank her enough in assisting us throughout all stages of the process.

Michael J. Poulakidas
Fox Valley Developers LLC

Allison Milld Clements

Valerie Kretchmer and her team provided a valuable assessment of senior housing needs across 5 northwest suburban communities. The recommendations from that plan laid the foundation for future collaborative work across the 5 communities to develop innovative strategies for residents to age in place, including launching a senior home repair program and widely-used service resource guide. The data analysis, research, and interviews with key stakeholders conducted by Kretchmer Associates were invaluable in helping these communities understand the needs of their senior residents and develop new programs and services.

Allison Milld Clements
Metropolitan Mayors Caucus

Contact us to discuss your project requirements

Contact Us

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Kretchmer Associates
807 Davis Street #2004
Evanston, Illinois 60201-7103
(847) 864-8895
vsk@kretchmerassociates.com

About Us

Founded in 1985, Kretchmer Associates is a certified WBE with expertise in all aspects of residential, retail, commercial, and industrial real estate analysis in the Chicago metro area and throughout the rest of Illinois, Indiana, Wisconsin, Iowa, Missouri, Kansas, Nebraska, and Minnesota.
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