Watermark in China 水印在中国
For more than thirty years, Watermark has been at the forefront of the U.S. seniors housing profession. From its humble beginnings in the late 1980s when the seniors housing market was in its infancy, Watermark is now recognized as the 13th-largest operator in the U.S. More than three decades of steady, sustainable growth have been fueled by Watermark’s commitment to excellence and a vision to create extraordinary and innovative communities where people thrive.
Each year in the U.S. and abroad, more investors recognize senior housing as a prudent investment with incredible opportunity for growth, particularly when communities are managed with experience, efficiency and integrity. Watermark’s services are increasingly sought out by investment partners, and operations are expected to continue to grow steadily in the coming years. Plans to grow operations in the U.S. are only part of the future for Watermark.
It has been said that the current state of senior housing in China can be compared to the late 1980s in the U.S. — the precise time Watermark entered the industry. This, combined with the outcomes of the “one-child policy”, has created market conditions unlike any the senior housing industry has ever seen. Watermark began exploration of the China market in 2011 with a strong desire to share best practices, know-how and lessons learned to retirement community projects in China. Thus began a new chapter in Watermark history.
Watermark formally entered China in October 2014, with the establishment of a business entity in Hong Kong called Watermark Senior Living China Limited. In August 2015, Watermark China launched a fully owned office in Shanghai and recruited a talented, dedicated corporate team. One year later, Watermark formed a joint venture operating company with Taiping Insurance to manage Taiping’s senior living projects in China. A joint venture operating company also was formed with Hopson Commercial Group (one of the largest commercial real estate management businesses in China) to convert apartment properties into senior living in Foshan City of Guangdong Province.
Today, Watermark China is the exclusive operating platform of Watermark in the greater China region (including Mainland China, Taiwan, Hong Kong and Macau). Watermark China is committed to being a leading developer, owner and operator in greater China.
The Watermark brand, expertise and experience are being applied to senior living projects in China through consulting services, management contracts and local partnerships. The Watermark China team is providing technical support and pre-opening services to two projects under construction and/or retrofit in China. Watermark’s partners and projects are as follows:
- China Taiping Senior Living Management Company. TPSM is a subsidiary of China Taiping Insurance Company. TPSM has established a joint venture management company with Watermark. Taiping’s first show case CCRC project of 1,500 units is located in Pudong, Shanghai. The community open in 2019/2020.
- Guangdong Hopson: Foshan Lerom Watermark International Senior Community is the first retirement community built by Hopson Commercial Group, located centrally to Guangzhou and Foshan. The first phase of the community includes 489 independent living and 40 nursing home apartments. The community also has a medical clinic and a clubhouse. The community plans to open in the third quarter of 2019.
For more information, visit the Watermark China website at or contact Watermark China at firstname.lastname@example.org.