• Skip to primary navigation
  • Skip to main content
  • Skip to footer
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

  • 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

  • Woodridge Horizon

    Woodridge Horizon – Woodridge, IL Learn how we helped the Village and developer apply for and receive tax credits for senior housing. Learn More

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

Blair Minton

I’ve used Kretchmer Associates for every for-profit and tax credit project that I’ve done in Illinois and Indiana over the past 5 years. Their work isn’t full of the typical ‘fluff’ that others charge for, but instead drills down to exactly what I need to know to design senior projects that work. I highly recommend Kretchmer Associates for any type of senior project, whether independent living, assisted living or memory care.

Blair Minton
Journey Senior Living

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

John Burke

Kretchmer Associates provided timely and well-informed marketing data to support our North Shore Senior development in Deerfield, IL. It’s important to note the flexibility that we relied upon from Kretchmer Associates as related to requests from various equity/lenders as we sought funding. We are looking forward to our next project with them.

John Burke
Banner Development

Beth Demes

I have worked with Valerie for many, many years and never make a site decision without her expertise. Kretchmer Associates understand market dynamics and how to measure need and demand. They are thoughtful, detail-oriented, and big-picture smart.

Beth Demes
The Alden Foundation

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

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

Contact us to discuss your project requirements

Contact Us

Footer

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.
Copyright © 2021 Valerie S. Kretchmer Associates, Inc. • Website by Stompgear Digital Marketing