Ecumen expects Zvago to strengthen its portfolio.
In 2016, Ecumen announced the launch of “Zvago,” a line of co-op housing targeting younger residents intended to expand its portfolio while escaping labor market pressures. Each new Zvago community will be designed for active adults 62 and older, cost between $15 million and $20 million to develop and have amenities such as outdoor common spaces, fitness and yoga studios, and spacious community kitchens and craft rooms. Ecumen expects Zvago to strengthen its portfolio and provide pipelines into higher levels of care. To date, three Zvago communities have been completed, and two more are in varying stages of development.