Trilogy Breaks Ground on Ohio Senior Housing Community
The property will include independent living, assisted living and skilled nursing accomodations.
1495 Granville Pike. Image courtesy of Trilogy Health Services
Trilogy Health Services has commenced construction of its newest senior housing campus, a 113-unit mixed-care community located at 1495 Granville Pike in Lancaster, Ohio. After completion in early 2024, the development will be Trilogy’s 33rd property in the state. Trilogy plans to invest $22 million in the project’s construction.
The firm is working alongside DMK Development Group to model the property after Trilogy’s two-story Village Center design. The community will offer a mix of studio and one-bedroom living arrangements, with 25 independent living apartments, 23 assisted living homes and 18 assisted living memory care homes, as well as 35 skilled nursing beds and 12 skilled memory care beds. Amenities will include a fitness center, dining areas, an activity room, a salon and a physical therapy room.
The new campus will be near other Trilogy communities in Pickerington and Zanesville. Situated along Granville Pike, the community is within 2 miles of downtown Lancaster, as well as within 25 miles of Columbus.
Senior housing’s hardships
Trilogy is expanding its Ohio portfolio at a time when the nation’s 75-plus population continues to grow significantly, necessitating the construction of more senior housing. At the same time, demand outweighs supply, particularly as the sector struggles with ever-increasing interest rates and capital costs, in addition to material shortages and a dearth of affordable living options. Still, senior housing has posted a continuous year of occupancy growth, with the rate rising to 81.4 percent in the second quarter of 2022, according to data from the National Investment Center for Seniors Housing & Care. This is owed in part to heightened demand that is taking place alongside massive occupancy losses due to the pandemic.
