Element Lifestyle Retirement

What Element Lifestyle Retirement does

Element Lifestyle Retirement Inc. (TSX.V: ELM) is a Vancouver-based developer and operator of senior retirement communities built around a proprietary intergenerational, aging-in-place model. Founded in 2013 by Don Ho, who pioneered the 'Aging in Place' concept through his prior role at CPAC (Care) Holdings Ltd., the company integrates independent living, assisted living, and 24-hour licensed complex care within a single residence, allowing residents to transition across care levels without relocating and enabling multi-generational families to live together. Its flagship asset, OPAL by Element, is a $106 million, 142,000 sq ft community in Vancouver's Cambie Corridor containing 44 condominiums (sold out by December 2019), 56 independent living rental suites, and 30 licensed complex care beds. Additional wholly-owned projects OASIS (Langley, 17 acres) and AQUARA (Victoria West, within a 20-acre master planned community) are in development.

The company's technology stack centers on physical building systems rather than software: a fob-based smart suite system integrates sensor access, 24-hour emergency response routed to nursing and concierge staff, and a suite-to-suite telephone system; aging-in-place suite design includes walk-in showers, slip-resistant Calacatta flooring, ambient lighting, and Grohe/Kohler fixtures; and the building is LEED Gold certified (2021) with MERV 13/14 hospital-grade filtration augmented by a Pura Air medical-grade air purification partnership.

Element monetizes through three streams: (1) one-time condominium unit sales at OPAL (now fully sold out), (2) recurring monthly rental revenue from independent living suites and licensed complex care beds, supplemented by opt-in a-la-carte dining, personal care, and support services billed via in-suite POS, and (3) B2B development and management services provided to third-party retirement community owners under long-term contracts. The go-to-market combines direct-to-consumer sales at the OPAL Discovery Centre (City Square, Vancouver) with B2B enterprise relationships targeting property developers and municipalities across BC and, increasingly, internationally.

Name

Element Lifestyle Retirement

Legal name

Element Lifestyle Retirement Inc.

Website

https://elementlifestyleretirement.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Element Lifestyle Retirement (TSX.V: ELM) is a Vancouver-based developer and operator of senior retirement communities offering an intergenerational, aging-in-place model that integrates independent living, assisted living, and complex care within a single residence for active seniors and their multi-generational families.

Ownership category

akta.pro rank

Product category

Senior Living and Retirement Communities

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Continuing Care Retirement Communities (623311), Assisted Living Facilities for the Elderly (623312)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Skilled Nursing Care Facilities (8051), Services-To Dwellings & Other Buildings (7340), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

akta.pro secondary industries

Senior Living Property Management (BPAJAGAI), Luxury/Resort-Style Independent Living Communities (HLADAAAC), Elder Services & Aging Support (BPAGAEAF)

Keywords

• Senior living communities
• Retirement residence development
• Aging in place services
• Continuum care living
• Intergenerational retirement housing

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Development and Management Services: Element provides specialized development expertise and flexible management services for third-party owned senior retirement communities. Revenue generated through development consulting and operations management contracts with asset owners.
2. Condominium Unit Sales: 44 residential condominiums for sale at OPAL by Element. Pre-sales surpassed $20 million in six weeks. Unit prices from $701,000. Condo configurations range from 612 to 2,324 square feet.
3. Rental Suite Revenue: 56 independent living rental suites and 30 licensed complex care units generating recurring rental income. Waiting lists in place for rental units.
4. A-La-Carte Care and Support Services: Point-of-sale system for a-la-carte personal support and care services. Dining packages, food and beverage program, personal care services available on opt-in basis.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Element Lifestyle Retirement develops, owns, and operates intergenerational senior retirement communities that integrate independent living, assisted living, and complex care within a single residence, enabling seniors to age in place without relocating as care needs change. The company also provides specialized development expertise and long-term management services to third-party owners of senior retirement communities through dedicated contracts.

Product overview

Element Lifestyle Retirement operates as a specialized senior living developer and operator offering a portfolio of retirement communities. The core product is OPAL by Element, a flagship 130-suite intergenerational retirement community in Vancouver featuring independent living, assisted living, and complex care in one location. Additional projects in development include OASIS by Element (Langley) and AQUARA by Element (Victoria). The company also provides management and consulting services to third-party retirement communities. The company's brand differentiator is the integration of 'Continuum-of-Lifestyles' and 'intergenerational living' concepts.

Differentiator

Problem solved

Functional benefit

Products and services

• OPAL by Element Flagship intergenerational aging-in-place retirement community in Vancouver's Cambie Corridor offering 130 residential suites spanning independent living, assisted living, and 24-hour licensed complex care within a single residence. Residents can transition across care levels without relocating. The community is LEED Gold certified and features smart suite FOB systems, medical-grade air purification, aging-in-place suite design, and 30,000+ sq. ft. of amenities. Targeted at active seniors aged 55+ and multi-generational families.
• OASIS by Element 17-acre master planned intergenerational retirement community in Langley, British Columbia, in development as part of Element's expanding aging-in-place portfolio. Designed to apply Element's Continuum-of-Lifestyles and intergenerational model at master planned community scale.
• AQUARA by Element Intergenerational aging-in-place retirement residence located in the harbour of Victoria West within Bayview Place, a 20-acre master planned community a few minutes' walk from Downtown Victoria. Part of Element's expanding portfolio applying the intergenerational model in a second British Columbia market.
• Third-Party Development and Management Services B2B service offering providing specialized senior retirement community development expertise and long-term operations management to third-party property owners, investors, and developers. Element tailors its Continuum-of-Lifestyles and intergenerational operating model to client assets and enters into management contracts of up to 20 years to help owners maximize business potential and growth.

Quantifiable outcome

• Pre-sales of $20 million achieved in 6 weeks (40% of inventory)
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered minor, strategic and core.

• NYF Wealth Financial (方燕婷財富管理公司)minorGTM or Marketing Partner · 6 April 2022Co-sponsored The 12 Chinese Zodiac Animals piano concert world premiere with Truvera Trust. Vincent Ho composed, Derek Chiu performed on Steinway piano at OPAL.
• Truvera Trust (杜威信信託公司)minorGTM or Marketing Partner · 6 April 2022Co-sponsored The 12 Chinese Zodiac Animals piano concert world premiere with NYF Wealth Financial. Vincent Ho composed, Derek Chiu performed on Steinway piano at OPAL.
• Pura AirstrategicTechnology or Integration · 10 February 2021Vancouver-based air purification company. Partnership for research, production and installation of medical-grade air purification systems capturing 99.99% of nanoparticles including viruses. Global BC televised interview with EVP Ernie Hee and CEO Feisal Nasser of Pura Air about the collaboration.
• BCSLA (British Columbia Senior Living Association)strategicStrategic or Co-development Partner · 8 October 2020Co-hosted webinar with Sanofi-Pasteur on October 8, 2020 on COVID-19 management at senior living sites. Ernie Hee, EVP and Veronica Da Conceicao, GM of OPAL presented case study on handling positive COVID test at site.
• Sanofi-PasteurminorStrategic or Co-development Partner · 8 October 2020Sponsored BCSLA webinar on October 8, 2020 regarding COVID-19 and influenza protection for independent living seniors. Ajit Johal from Immunize.io also presented on vaccination strategies.
• Peak Construction GroupcoreImplementation/ SI/ Consulting Partner · 27 November 2019General contractor for OPAL project. Doug Wilson, CEO of Peak Construction Group stated 'It's been a pleasure working with Element's professional management team. These type of projects are very intricate and demanding taking complete co-operation between management, contractor and all of the contributing trades.' $106 million project completed on time and on budget.
• NORR ArchitectscoreStrategic or Co-development PartnerArchitect for OPAL by Element project. Three connected structures (one six-storey and two four-storey buildings) spanning an entire city block.
• Shrubb Design PartnershipcoreStrategic or Co-development PartnerInterior designer for OPAL project. Diane Shrubb designed aging-in-place features including frameless glass showers, transition-free tiled showers, ambient lighting, and accessibility considerations.
• Vancouver Coastal Health - CLEAR TeamstrategicStrategic or Co-development PartnerCollaborated with CLEAR team from Vancouver Coastal Health during COVID-19 management at OPAL site. Presented case study at BCSLA webinar on handling positive COVID test and managing restrictions.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sienna Senior Living: Sienna Senior Living is a publicly traded Canadian operator of senior living residences and long-term care communities, directly comparable to Element as a TSX-listed retirement operator with a continuum-of-care approach across multiple provinces.
• Chartwell Retirement Residences: Chartwell is one of Canada's largest operators of retirement residences, offering independent living, assisted living, and memory care across multiple provinces. Comparable to Element in operating retirement communities with continuum-of-care offerings, though at significantly greater scale.
• Extendicare: Extendicare operates long-term care homes and retirement residences in Canada, providing a similar mix of skilled nursing, assisted living, and independent living services. Comparable as a TSX-listed Canadian senior care operator with combined real estate and care services.
• Amica Senior Lifestyles: Amica is a Canadian owner-operator of luxury senior living residences offering independent living, assisted living, memory care, and care services. Highly comparable to Element in the premium/luxury retirement segment with continuum-of-care offerings, though privately held and larger.
• Verve Senior Living: Verve is a Canadian owner-operator of boutique luxury senior living communities offering independent living, assisted living, and memory care. Highly comparable to Element in the premium Canadian retirement segment with personalized care offerings and continuum-of-care model.
• All Seniors Care Living Centres: All Seniors Care operates retirement residences and long-term care facilities across Canada, offering independent living, assisted living, and skilled nursing. Comparable to Element as a Canadian operator with multiple care levels and a real estate plus services business model.

Broad incumbents

• Revera Inc. Revera is one of Canada's largest private owners, operators, and developers of retirement residences and long-term care homes. Comparable to Element as a broad incumbent in Canadian senior living with retirement and care services across multiple provinces, though at significantly greater scale.
• Sunrise Senior Living: Sunrise is a major US-based operator of senior living communities offering independent living, assisted living, memory care, and skilled nursing with an emphasis on personalized care. Comparable to Element in offering continuum-of-care within single communities, though operating at much greater US scale.
• Atria Senior Living: Atria is a US-based operator of senior living communities across the United States, offering independent living, assisted living, and memory care services. Comparable to Element in the premium retirement segment with multiple care levels within single properties.

Emerging players

• Bay Bridge Seniors Living: Bay Bridge is a Canadian developer and operator of retirement residences focused on boutique senior living communities. Comparable to Element as a smaller Canadian retirement operator with premium offerings, representing an emerging player in the same niche segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/opalbyelement
• LinkedInlinkedin.com/company/opal-by-element

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Element Lifestyle Retirement