What Tukka Properties does

Tukka Properties is a privately held, Madison, Wisconsin-based real estate development firm that builds senior housing communities. Its scope is narrow and vertically specific: independent living, assisted living (RCAC), and memory care (CBRF) facilities across the state of Wisconsin. The firm operates as a full-service development team rather than a generalist contractor, taking a project from market demographics analysis and site selection through cost estimating, financial structuring, debt and equity procurement, public regulatory approvals, design review, value engineering, construction oversight, and furniture, fixtures, and equipment procurement.

The underlying product is a portfolio of completed senior living campuses — Cardinal View (Middleton), Eagle Point (Appleton), Hamilton House (Cedarburg), Kettle Park (Stoughton), Reena (Fort Atkinson), and Wright House (Mequon) — anchored by a strategic operating partnership with Lifespark Senior Living, a regional operator managing 30+ facilities and 2,738 units across Minnesota and Wisconsin. Tukka develops the real estate; Lifespark operates the communities. Most recent expansions have been site-level additions (Wright House 60-unit RCAC opened September 2018; Reena memory care addition December 2019), suggesting a strategy of deepening existing campuses into full IL/AL/MC continuums rather than one-off builds.

The business model is project-based development, with revenue tied to one-time development fees on individual senior housing projects and to partnership economics with the operating tenant. The firm runs lean — 1–10 employees — relying on the founders' 30+ years of design and construction experience as the primary operating asset. Pricing is not publicly disclosed; each engagement is structured as a custom development proposal. Marketing is portfolio-driven via the company website, with direct inbound as the primary new-business channel. Ownership, funding history, and revenue figures are not publicly disclosed.

Name

Tukka Properties

Legal name

Tukka Properties

Website

https://tukkaproperties.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Tukka Properties is a Madison, Wisconsin-based real estate developer specializing in senior housing — independent living, assisted living, and memory care — partnering with Lifespark Senior Living as operator across a portfolio of six Wisconsin communities.

Ownership category

akta.pro rank

Product category

Senior Living Real Estate Development

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Other Activities Related to Real Estate (531390)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), 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 & Assisted Living Facility Construction (IMAFACAJ), Senior Living Property Management (BPAJAGAI)

Keywords

• Senior housing development
• Commercial real estate
• Assisted living facilities
• Memory care housing
• Real estate development services

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Senior Housing Development: Full-service development of senior living properties including market analysis, site selection, financial structuring, and construction oversight. Revenue generated through development fees, property development, and partnership arrangements with senior living operators.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Tukka Properties is a full-service senior housing real estate development company that develops independent living, assisted living, and memory care communities throughout Wisconsin. Services include market demographics analysis, site selection, project cost estimating and scheduling, financial analysis with debt/equity procurement, public regulatory approvals, architectural design review, value engineering, construction oversight, and furniture/fixtures/equipment procurement. The company partners with Lifespark Senior Living to operate the facilities it develops.

Product overview

Tukka Properties is a full-service real estate development company specializing in senior housing throughout Wisconsin. The company operates as a unified development platform offering two core services: project development (market analysis, site selection, cost estimating, financial analysis, regulatory approvals) and design/construction oversight. The company maintains a portfolio of six completed senior living communities under development partnership with Lifespark Senior Living, who operates over 30 facilities across Minnesota and Wisconsin with 2,738 units under care. Individual properties include Cardinal View Senior Living (Middleton), Eagle Point Senior Living (Appleton), Hamilton House Senior Living (Cedarburg), Kettle Park (Stoughton), Reena Senior Living (Fort Atkinson), and Wright House Senior Living (Mequon).

Differentiator

Problem solved

Functional benefit

Products and services

• Project Development Services Comprehensive project development services including market demographics analysis, site selection, project cost estimating and scheduling, financial analysis with debt/equity procurement, and public regulatory presentations and approvals. Targeted at senior living operators and real estate investors in Wisconsin.
• Design and Construction Services Full-service design and construction oversight including review of architectural design drawings, civil and landscape design review, value engineering and scope control, construction oversight, and furniture, fixtures and equipment procurement. Targeted at senior living developers and operators.
• Cardinal View Senior Living Senior living community located in Middleton, Wisconsin offering independent living, assisted living, and/or memory care services. Developed by Tukka Properties and operated by Lifespark Senior Living.
• Eagle Point Senior Living Senior living community located in Appleton, Wisconsin offering independent living, assisted living, and/or memory care services. Developed by Tukka Properties and operated by Lifespark Senior Living.
• Hamilton House Senior Living Senior living community located in Cedarburg, Wisconsin offering independent living, assisted living, and/or memory care services. Developed by Tukka Properties and operated by Lifespark Senior Living.
• Kettle Park Senior Living Senior living community located in Stoughton, Wisconsin offering independent living, assisted living, and/or memory care services. Developed by Tukka Properties and operated by Lifespark Senior Living.
• Reena Senior Living Senior living community located in Fort Atkinson, Wisconsin with 60-unit RCAC and 20-unit CBRF facilities, totaling approximately 105,000 sq. ft. Originally opened April 2016 with memory care addition added December 2019. Developed by Tukka Properties and operated by Lifespark Senior Living.
• Wright House Senior Living Prairie style assisted living community located in Mequon, Wisconsin. Features a 60-unit RCAC and 40-unit CBRF facility with approximately 115,200 SF total building space. Memory care building opened September 2015; senior living opened September 2018. Developed by Tukka Properties and operated by Lifespark Senior Living.

Named customers7 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Lifespark Senior LivingcoreStrategic or Co-development PartnerTukka Properties has partnered with Lifespark Senior Living as their primary operating partner. Lifespark operates over 30 facilities throughout Minnesota and Wisconsin with 2,738 units under their care. Tukka develops senior housing properties and Lifespark operates them, creating a strategic partnership in the Wisconsin senior living market.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Senior Lifestyle: Senior living developer and operator with a regional/mid-market footprint across the Midwest and U.S.; comparable to Tukka for its mix of development services and operating partnerships serving IL/AL/memory care.
• Lifespark Senior Living: Tukka's anchor operating partner and the operator of the senior living communities Tukka develops; operates 30+ facilities and 2,738 units across Minnesota and Wisconsin, making it the most directly coupled peer in Tukka's business model.
• Watermark Retirement Communities: Senior living developer and operator with communities across multiple U.S. regions; comparable to Tukka for combining ground-up development with third-party management of IL/AL/memory care communities.
• Kisco Senior Living: Senior living operator and developer active in regional U.S. markets; comparable to Tukka in combining development expertise with operating partnerships in independent living, assisted living, and memory care.

Broad incumbents

• Welltower: Leading healthcare/senior housing REIT that partners with operators to develop and own senior living real estate; comparable to Tukka as a capital partner behind senior living development, though at vastly greater scale.
• LCS (Life Care Services): Large, established senior living developer and operator with a national footprint; comparable to Tukka because it combines development, ownership, and operations across independent living, assisted living, and memory care communities.
• Brookdale Senior Living: Largest U.S. senior living operator with a national portfolio of independent living, assisted living, and memory care communities; comparable to Tukka as a counterpart developer/operator in the same asset class.
• Atria Senior Living: National senior living operator/developer with communities across the U.S.; comparable to Tukka because it is a senior living real estate developer-operator serving the same IL/AL/memory care resident base.
• Ventas: Diversified healthcare REIT with a major senior housing operating portfolio; comparable to Tukka as an institutional capital source/competitor for senior living real estate development.

Emerging players

• Cadence Living: Smaller, growth-oriented senior living operator/developer; comparable to Tukka as a regional developer building and managing senior living communities with operator partnerships.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

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 Tukka Properties