Ingenia Communities Group
(ASX:INA) CEO and Managing Director Simon Owen said “Ingenia is one of the largest owners and operators of affordable seniors’ accommodation across Australia and our business model is really about meeting two of the greatest challenges in our community at the moment which is an ageing population and housing affordability. Our business was established in 2004 by ING and we internalised and went on our own way in 2012. The core drivers of our business is an ageing population, a national shortage of affordable accommodation, and the real opportunities supported by government policy for seniors to monetise equity in the family home.
We have over 2700 seniors who pay us rent every fortnight and a majority of that rent is supported by either the pension or Commonwealth Rent Assistance. We’re also in the midst of a roll up of what has previously been a very fragmented industry. We own $424 million of properties, most of those are rental based, and we do have a very strong and knowledgeable board of directors. Our business is really being about being a leading owner, operator and developer of affordable retirement, lifestyle and leisure communities…”
