Over the years, GSX Ventures has developed a portfolio of upscale multifamily projects. These range from townhouses to intentional communities to large apartment complexes with integrated community centers and activity centers for residents. The change in the culture of America has created a larger marketplace for state of the art apartment facilities. There is a trend for the younger generation and empty nesters to have flexibility in their living accommodations.
We are currently focusing on micro units in urban areas that allow young professionals to not only live affordably but also to have units that are completely furnished and in close proximity to a lifestyle that includes prepared foods and entertainment and allows them to move from city to city without having to pack a moving van and the expense of re-purchasing furniture. We believe that this trend among young people will continue and be more prevalent in the future. We are also tracking the trend among Seniors to downsize from their homes and look at apartments as a viable residential location for the empty nesting period of their lives, in fact in some cases having two apartments, one in the area that they lived and had their children, and another in a more resort location to vacation during the winter.
We also have explored the boundaries of intentional communities in key areas of the country. We are interested in analyzing the marketplace and responding to the needs of the market that are unserved and finding opportunities to create high value communities that become great investments for our capital partners.