Harnessing Property Development Models to Meet Your Mission

Crosthwaite a1, Heng T1

1Lavan

Abstract:

The mission of most not-for-profit retirement operators is to provide accommodation and other support to seniors or ‘aged persons’.  Traditionally this has been achieved through the retirement village structure which some would argue is not meeting the needs of mainstream seniors for a variety of reasons including ageing stock, over-regulation and a value proposition that has been difficult to market.

What other models can be used to meet this mission and how can they be funded?

This session is aimed at retirement village operator executives and considers:

  • the use of build to rent, strata/community title, specialist disability accommodation models to assist operators to meet their missions and create seniors living environments with attractive value propositions; and
  • forms of procurement which address capital, expertise and tax constraints.

Biography:

Amber Crosthwaite is an experienced commercial lawyer specialising in seniors living, aged care and disability.

Amber works across the seniors living, aged care and disability sectors but has a particular focus on regulatory compliance, royal commission work, sales and acquisitions and property development.

Amber has been recognised by Doyle’s Guide as a pre-eminent lawyer in Health and Aged Care and is a member of the Property Council’s Retirement Living Committee for Western Australia.

Tamara Heng is a partner in Lavan’s Property Services team specialising in the sale and purchase of property assets, due diligence, subdivisions, land development and project management agreements.

Tamara was recognised in the Doyle’s Guide for Property and Real Estate Law in 2015, 2017, 2018, 2019 and 2020 and Leasing Law in 2019 and 2020.  She was recognised in Best Lawyers in Australia for Real Property Law and Leasing Law in 2020 and 2021.  Tamara was awarded the UDIA WA & Frasers Property Women in Leadership Award in 2017.

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