About Gray Wave

Gray Wave Advisory uses over 60 years of combined industry experience offering retirement communities and seniors housing operators advisory services. As experienced third-party operation managers they assist clients with senior housing opportunities in addition to their new seniors' apartments, Seniors Tailored Apartments (STĀ). Gray Wave was founded by Richard Noonan and Stephen Picott. Richard and Stephen began their long and productive professional relationship at Chartwell Care and then Chartwell Seniors Housing REIT over 20 years ago. Both are well versed in all forms of seniors housing and serving clients with a high degree of satisfaction. They offer clients extensive management advisory services and leadership and are able to assist in a variety of situations. Gray Wave uses their expertise from industry experience to help clients from development and design all the way through operations ensuring top results.

STĀ, Seniors Tailored Apartments, is a perfect alternative for seniors who are looking for a lifestyle change but are not ready or interested in a more traditional senior housing option. What makes STĀ unique is that it offers residents complete independence with the option of additional services. Apartments are comfortable, affordable and equipped with a full kitchen to allow for independence. Unlike traditional senior homes, residents do not have to pay for services that they do not utilize. Instead, they can order services as they want or need through third party service provider, Boomer Concierge.

STĀ is not age restrictive, nor are any programs or services mandatory, the apartments allow seniors to age in place and maintain their independence while ordering services as needed. They will only pay for the services they choose, making STĀ a more affordable option that still provides residents with a feeling of safety and a sense of community.

Current Projects

Gray Wave Advisory has many exciting projects currently underway including:

Our Partners


2275 Upper Middle Rd. E.
Suite 400
Oakville Ontario Canada
L6H 0C3

P: (416) 938-3921
E: richard@graywaveadvisory.com
P: (289) 936-8202
E: stephen@graywaveadvisory.com