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What to know about this topic:
- Thought leadership at Zest Communities
- More about ZEST and their vision
- Zest’s preferred equity model
ZEST brings innovation and energy to 55+ community development, providing a bright new vision to the "retirement" experience. The word Zest is more than just a name, it’s truly an attitude and a philosophy, manifest in communities like St. Elizabeth Village.
IN-DEPTH REPORTSZest Communities
St. Elizabeth Retirement Residence
391 Rymal Road West, Hamilton,
Ontario, L9B 1V2
St. Elizabeth Retirement Residence, part of St. Elizabeth Village, offers bright suites, chef created meals, and many amenities. Health and wellness is our focus through excellent care while living in a tranquil setting.
Lifestyle Options: Independent Living, Assisted Living
St. Elizabeth Village
1 Yates Gate, Hamilton,
Ontario, L9B 1T8
St. Elizabeth Village is a place where community comes first. The Village is set on an impressive 114-acre natural oasis of parks and ponds. Enjoy a non-stop slate of social activities in a vibrant, active lifestyle.
Lifestyle Options: Active Living
Thought leadership at Zest Communities
Tony DiFruscio, president of Zest Communities, is part of our Inspiring Leaders series. Watch the interview below.
More about ZEST and their vision
ZEST has a vision of changing the active adult lifestyle experience, integrating fun-infused living within charming settings that reward people’s later years. At ZEST Communities, people enjoy social, recreational and fitness activities that are fun, promote healthy living and mental stimulation. Life here is “activity-rich” in the words of president Tony DiFruscio. Zest believes that everyone should look ahead to the years ahead as the best years.
Zest’s preferred equity model
Rather than the typical model, where residents live in a “retirement” community and pay a monthly fee for their accommodation, amenities and activities, residents at St. Elizabeth Village have the exclusive right to the use and value of their homes through a Market Value Life Lease program that can be sold at any time at current market value.
Under this plan, residents purchase a Life Lease interest in their home, at market value, (similar to purchasing a home). They have exclusive use of their home for as long as they wish and shared use of all common amenities and facilities. Residents or their estate may sell their Market Value Life Lease interest at anytime. As the market value of real estate increases over time, so does the value of the Market Value Life Lease interest allowing residents to protect their investment and earn equity similar to owning a home. Over 100 Market Value Life Lease projects in Ontario have proven that this form of tenure keeps pace with the local real estate markets with residents earning the same return as owning a home.
