The new entrants to the sector plan to develop over 10 land lease communities and 2,000 homes along Australia’s east coast.
As we reported here, Elka Capital is the creation of David Laing and Tom McDonald.
David was GM Development for Ryman Healthcare Australia, National Manager of acquisitions for Stockland's retirement living business and the Regional Manager of Lendlease's retirement living development business.
Tom McDonald was a Principal in the Blackstone Real Estate team in Australia and was responsible for one of Australia's largest Build-To-Rent portfolios.
They worked with K&L Gates.
“Elka enjoyed collaborating with the team on this transaction,” said Tom McDonald, Elka Capital director.
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