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Marathon Development, Inc.
 

ABOUT US: History


Marathon Development, Inc., originally known as "Marathon Senior Living Services" was founded by Ted Johnson in 1997. At that time, the baby-boomers' were beginning to retire and the demand for quality senior housing was increasing. Ted saw a need to assist Not-for-Profit and For-Profit Owners, Operators, and Investors in their vision of owning a senior community by providing the necessary development expertise. Marathon provided a clear project picture based on the Owner's desire and market conditions that included property condition reports, due diligence studies, project pro forma and cost estimates, facilitated project designs, and permitting and project management through building and project closeout; nationally.

Over the past 15 years Marathon Development, Inc. has completed many senior housing and affordable projects that include new "ground-up" communities, refurbishments of existing communities, adaptive reuse of existing buildings, repositioning of existing buildings i.e., Independent Living to Assisted Living or Assisted Living to Alzheimer's Care and senior housing campus master planning. Marathon has since also been instrumental in the finance of senior and affording housing that included the use of HUD, USDA RD, NW Farm Credit, Revenue and General Obligation Bonds, conventional and mezzanine finance.

Today, Marathon continues to provide strong leadership, quality project development/management and above all, inspire confidence with each of its Owner, Operators, or Investors that the senior community they have contracted with Marathon will be developed to meet their specific vision and goals in the market it will ultimately serve.

 
 

Specializing in Senior Housing for Profit and Non-Profit Organizations
Providing Real Estate Development & Consulting Services Nationwide

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