Digital brokerage firm Offerd has expanded into the senior living market, the Austin, TX-based company announced Wednesday.
Initially focused on multifamily acquisitions and analytics, the company later added student and affordable housing to its digital, technology-driven platform meant to help investment firms more efficiently deploy and harvest capital.
“With the huge surge of senior demographics, paired with the enhanced total returns in the sector, we felt imperative to expand into senior housing now and bring our partners new transaction opportunities and options to match their individual investment goals,” President Greg Cooper said in a press release.
Offerd has enlisted 20-year industry veteran Scott McCorvie to lead the launch of its senior housing platform. His title will be managing director of Offerd’s national senior housing group.
McCorvie’s experience includes starting up Vita Senior Living in 2022. Previously, he was the chief financial officer and executive vice president of investments at Alta Senior Living and president of Senior Living Growth Advisors.
“The senior housing investment and transaction marketplace has changed so much over the past few years, so it was imperative to bring a fresh new approach and platform to the industry,” McCorvie said.
Offerd plans to expand its senior housing team over the next six to 12 months due to the “large number of upcoming transactions, paired with our national geographic footprint,” he added.
McCorvie said that the senior housing marketplace has been stagnant over the past few years, but that’s about to change.
“We feel the upcoming Fed rate cuts will bring a flurry of new activity to the market that will keep accelerating over the next several years,” he said.
