Leader in Transformative Housing Solutions Across Market Segments Is Uniquely Positioned to Serve 55+ Residents
The Michaels Organization, a national leader in residential real estate with integrated capabilities in development, property management, construction, and investment, is bringing its expertise in housing solutions to the Active Adult Market.
“Our expansion into this dynamic market represents a natural evolution of our mission to create Communities that Lift Lives and to provide exceptional living experiences for every resident we serve,” said Michaels’ Executive Vice President of Development Ned Williams. “Our communities inspire connection, promote wellness, and support the dynamic lifestyle that today’s Active Adults seek.”
Long a leader in affordable and market-rate multifamily, as well as student and military housing, Michaels is uniquely positioned to develop flexible solutions that make Active Adult Living accessible to a broad demographic.
“Our experienced team of property management professionals brings a wealth of knowledge in maintaining high-quality living environments while delivering superior customer service, and our technological infrastructure and operational expertise allow us to implement efficient systems that enhance both resident experience and property performance,” said Kimberlee Schreiber, President of Michaels Management.
According to the National MultiHousing Council, the Active Adult market has seen a surge of demand driven both by demographics and lifestyle choices. The most recent figures from the US Census show that nearly 25 percent of America’s population is between 45-64, and almost 18 percent are 65 and older.
“Michaels has a unique opportunity to bring our comprehensive expertise to this underserved segment of the housing market,” said Williams, “We know how to deliver amenity-rich, holistic communities where residents can enjoy a maintenance-free lifestyle, as well as activities focused on wellness and social interaction.”
During its 50+ history in housing, Michaels has developed more than 50,000 apartment units and currently manages more than 80,000 units across 600 communities in 39 states, D.C., and the U.S.Virgin Islands.
Its strong financial balance sheet and deep relationships with investors also allows Michaels to enter this market poised for success. In addition, Michaels also enjoys strong strategic relationships with award-winning architectural firms well-known for their leadership in urban planning, sustainability and Active Adult design concepts that promote health, fitness, and active lifestyles.
Michaels will concentrate its activities in this market segment in areas with large populations in the key 55-74 demographic, with easy access to healthcare, retail, and entertainment options. Together with community amenities focused on wellness and social connections, these communities will allow our residents to thrive.
About The Michaels Organization:
Michaels is a national leader in residential real estate, offering full-service capabilities in development, property and asset management, construction, and investment. Serving more than 200,000 residents in more than 600 communities across 39 states, the District of Columbia, and the U.S. Virgin Islands, Michaels is committed to crafting housing solutions that jumpstart education, civic engagement and neighborhood prosperity, and to creating Communities That Lift Lives. For more information, visit tmo.com
