Andev Group
Andev Group is a Chicago-based, family-owned real estate development firm that provides integrated design, construction, and financial coordination services for senior living, healthcare, and residential projects across the US, Canada, Mexico, and Israel.
- Company typePrivate
- Founded1997
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Andev Group does
Andev Group, LLC is a privately held, family-owned real estate development firm headquartered in Chicago, Illinois, with a project footprint spanning the United States, Canada, Mexico, and Israel. The firm provides integrated development services for senior living communities (Active Adult, Independent Living, Assisted Living, and Memory Care), specialized healthcare real estate, and residential properties, spanning site selection, zoning and entitlement, design, construction management, finance, operations, and marketing. The firm is led by CEO Dan Emmett Anbar (founder, 25+ years tenure) and has assembled a bench of senior executives with significant capital markets and investment banking backgrounds, including CIO PJ Camp (involved in over $30B of healthcare real estate transactions) and COO Ariel Anbar (former Baird investment banker).
Andev's core technology is a full-stack development and project management platform, not a software product. Its proprietary features center on a "bio-psychosocially informed architecture" approach for therapeutic senior-living environments, an integrated design-build relationship with Ganther Construction (in place for 25+ years), and reusable senior-living product brands (notably the multi-site "Courtyard" concept in Wisconsin). The firm pairs development with operating experience, drawing on the founder's prior leadership of CRL Senior Living Communities, which managed Andev-developed facilities until its 2008 sale.
The business model is project-based and fee-driven. Revenue is generated through (1) real estate development fees for project conceptualization, planning, design, and development management; (2) construction management oversight of general contractors and design-build partners; (3) financial coordination, sourcing, and negotiation of debt and equity financing; and (4) acquisition and rehabilitation of existing senior living properties. Pricing is quote-based and not publicly disclosed, with go-to-market executed through direct enterprise-level relationships with investors, family offices, and institutional capital sources rather than through a sales-driven volume model. Customer concentration is high: the bulk of recent activity is concentrated in branded Wisconsin senior-living communities and a small number of large multi-year projects.
Andev Group firmographics
Firmographics- Name
- Andev Group
- Legal name
- Andev Group, LLC
- Website
- https://andevgroup.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Andev Group is a Chicago-based, family-owned real estate development firm that provides integrated design, construction, and financial coordination services for senior living, healthcare, and residential projects across the US, Canada, Mexico, and Israel.
- Ownership category
- akta.pro rank
Andev Group industry classification
Industry- Product category
- Senior Housing Real Estate Development
- NAICS
- Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Real Estate Property Managers (53131)
- SIC
- Real Estate (6500), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Active Adult / Senior Community Association Management (BPAJAHAJ)
Keywords
Where Andev Group is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Andev Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Real Estate Development Fees: Fees generated from project conceptualization, planning, design, and development management for senior living communities and residential properties.
- Construction Management: Coordination and oversight of construction process from inception to completion, including management of general contractors and design-build relationships.
- Financial Coordination Services: Coordination, sourcing and negotiation of debt and equity financing within private and public financial markets for development projects.
- Acquisition and Rehabilitation: Acquisition, rehabilitation and turnaround of existing senior living properties for improved operational performance.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Andev Group product offering
Product offeringCore offering
Andev Group is a full-service, global real estate development firm specializing in the integrated design, development, construction, and financial coordination of senior living communities (Active Adult, Independent Living, Assisted Living, Memory Care), specialized healthcare real estate, and residential properties. The firm manages projects from site selection, zoning, and entitlement through design, construction management, finance, operations, and marketing, delivering turnkey buildings ready for occupancy.
Product overview
Andev Group is a full-service, global real estate development firm offering a comprehensive suite of services rather than a unified software product. The company provides integrated design, development, construction and financial coordination services across senior living communities (Active Adult, Independent Living, Assisted Living, Memory Care), specialized healthcare real estate, and residential properties. The portfolio includes project conceptualization, planning and design services, development and construction management, financial coordination, international operations management, land development, and healthcare operations. Projects span the United States, Canada, Mexico, and Israel.
Differentiator
Problem solved
Functional benefit
Brands
- The Courtyard: Senior living community brand featuring Assisted Living and Memory Care facilities across multiple Wisconsin locations.
- Seagate
Products and services
- Senior Housing Development Design, build, finance, and management of senior housing facilities including Active Adult (AA), Independent Living (IL), Assisted Living (AL) and Memory Care (MC) communities for private-pay populations. Targeted at senior housing operators and investors.
- Active Adult Communities Residential retirement resort communities for the Active Adult market (55+) incorporating health- and longevity-enhancing features such as spa, fitness, social, cultural, and entertainment amenities within bio-psychosocially informed architecture and interior design.
- Residential Development Condominium and apartment development for the general multifamily, mature, and empty nester markets, working with leading architects and interior designers to create state-of-the-art lifestyle solutions.
- Land Development Comprehensive land development services including civil engineering, environmental assessments, rezoning, entitlement procurement, and economic feasibility analysis to maximize value creation.
- Healthcare Operations Operation of healthcare businesses including senior housing facilities and chronic care practices, with experience managing organizations with over 1,500 employees.
- Project Conceptualization, Planning & Design Strategic planning, needs assessments, overall viability analysis, and business model development for residential, hospitality, and healthcare industries.
- Development & Construction Development process management from site selection through construction completion, including coordination of feasibility analysis, market research, engineering and design, municipal negotiations and zoning, FF&E procurement, and placement for delivery of a turnkey building ready for occupancy.
- Financial Coordination
- International Operations & Project Management Development and management of operations and investor networks in various countries including government relations, finance, legal structures, construction management, general project oversight, marketing, sales, and ongoing operations, with projects in the US, Canada, Mexico, and Israel.
- Acquisition and Rehabilitation Acquisition, rehabilitation, and turnaround of existing senior living properties for improved operational performance.
Quantifiable outcome
- Successful completion of 40+ senior living and residential projects over 25+ years
- +2 more outcomes
Companies that use Andev Group
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles2 records
Andev Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Andev Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Ganther Construction | Architecture, Inc.coreGanther Construction | Architecture, Inc. has been the general construction and design-build firm of choice for Andev for over 25 years. Ben Ganther serves as Director of Design & Construction Services for Andev while maintaining his role as president of Ganther Construction. The firm provides detailed cost analysis, design-build relationship and construction services from inception to completion for Andev developments.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Andev Group competitors and assessment
Company assessmentOthers
- HJ Sims: Investment bank specializing in financing for senior living, healthcare, and education sectors. Comparable financing coordination capability to Andev's capital sourcing service, though operating as a financing intermediary rather than developer.
Direct peers
- Caddis Partners: Healthcare real estate development firm specializing in medical office buildings, outpatient facilities, and senior living communities. Direct peer in terms of integrated development services and project size, with similar institutional investor client base.
- Anchor Health Properties: Healthcare-focused real estate development firm specializing in medical office buildings and outpatient facilities. Comparable as a specialized healthcare RE developer serving institutional clients with integrated development and capital coordination services, though focused on medical office rather than senior living.
- Rendina Healthcare Real Estate: Specialized healthcare real estate development and investment firm focused on medical office, outpatient, and senior living facilities. Closely comparable to Andev as a boutique healthcare RE developer offering full-service development capabilities to institutional healthcare clients.
- Hammes Partners: Healthcare real estate consulting and development firm with deep expertise in strategic planning, facility development, and capital advisory for health systems and senior living operators. Comparable healthcare RE advisory + development service model.
- NexCore Group: National healthcare real estate development and investment firm focused on outpatient medical facilities and senior living. Comparable as a healthcare-specialized developer with similar integrated development, capital coordination, and turnkey delivery capabilities.
Broad incumbents
- Formation Capital: Established senior housing and healthcare real estate investment firm with development, lending, and operating capabilities. Broader incumbent with deeper capital base and national footprint than Andev, but overlapping focus on senior housing investment and development.
- Welltower: Largest publicly traded healthcare REIT with major senior housing operating portfolio. While not a direct developer competitor, Welltower is a primary institutional acquirer and capital source for senior housing developments, making it a key counterparty and broader incumbent in Andev's market.
- Ventas: Major healthcare REIT with significant senior housing exposure through its Lillibridge development platform. Operates as both an institutional capital source and a competitor for senior housing development mandates at larger scale than Andev.
Emerging players
- TLC Management: Senior living management and development firm focused on assisted living and memory care communities in the Midwest. Geographic and segment overlap with Andev's Wisconsin-based Courtyard portfolio, though smaller and more operator-focused.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Andev Group social profiles
Digital presenceAndev Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Andev Group leadership team
Management profileNumber of profiles
Profiles8 records
Andev Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Andev Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Andev Group
What does Andev Group do?
Andev Group is a full-service, global real estate development firm specializing in the integrated design, development, construction, and financial coordination of senior living communities (Active Adult, Independent Living, Assisted Living, Memory Care), specialized healthcare real estate, and residential properties. The firm manages projects from site selection, zoning, and entitlement through design, construction management, finance, operations, and marketing, delivering turnkey buildings ready for occupancy.
Is Andev Group a public or private company?
Andev Group is a private company. It is classified as family owned and is currently operating.
When was Andev Group founded?
Andev Group was founded in 1997. It employs 11 to 50 people.
Where is Andev Group based?
Andev Group is headquartered in Chicago, United States, in the North America region.
How does Andev Group make money?
Four revenue lines are on record. Real Estate Development Fees are the primary driver. The others are construction Management, financial Coordination Services and acquisition and Rehabilitation.
Who are Andev Group's main competitors?
HJ Sims is listed as an others. Direct peers are Caddis Partners, Anchor Health Properties, Rendina Healthcare Real Estate, Hammes Partners and NexCore Group. Broad incumbents are Formation Capital, Welltower and Ventas. TLC Management is listed as an emerging player.
Does Andev Group have an API?
No public API is recorded for Andev Group.
What industry is Andev Group in?
Andev Group's product category is Senior Housing Real Estate Development. Its primary akta.pro industry code is BPAJAHAJ, Active Adult / Senior Community Association Management. Its NAICS code is 62331 and its SIC code is 6500.