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Boston & New England  + New England  + Opportunity Zones  | 
KindCare At Bristol in Bristol, CT

“Forgotten Middle” Seniors Targeted for $26M Opportunity Zone Project

USG/OZI has launched a ground-up opportunity zone project in Bristol, CT, as part of its investor-directed, multi-asset opportunity zone fund offering. Construction on the 117-unit assisted living and memory care senior housing development, KindCare at Bristol, is expected to begin in February 2022 and is anticipated to cost approximately $26 million.

The development seeks to provide housing for the growing number of seniors in the “forgotten middle” — those who cannot afford luxury assisted living but have too much income to qualify for subsidized housing.

Utilizing KindCare’s companion care model, which allows two residents to occupy a single unit, KindCare at Bristol will provide residents with amenities at up to 30 percent less than luxury brands.

Investors Choice OZ Fund by USG/OZI launched in June 2021. The qualified opportunity fund seeks qualified, viable ground-up multifamily, senior living, storage and manufactured housing projects to add to its platform.

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Investors Choice OZ

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

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