Senior Living
Owner’s Representative

At times, we serve as an Owner’s Representative for substantial developers, sponsors, and owners, often those with portfolios in other asset classes such as multifamily, retail, or commercial, who are looking to diversify into Senior Housing.

For example, one of our current clients has a significant portfolio of retail, commercial, and medical assets. They developed a Master-Planned community anchored by a hospital. This development includes 35 existing restaurants, retail and commercial properties, medical offices, multifamily residences, hotels, and Senior Housing.

On this project, we completed a five-month process for the owner to select the appropriate manager. With the manager on board, we are continuing the design process to obtain building permits within the next months. We have strong relationships with well over a hundred C-level executives in management companies nationwide, in addition to a comparable number of equity and debt sources in Senior Housing.

In an Owner’s Representative role such as this, we are compensated on a monthly basis, beginning with full due diligence (Market Analysis far beyond demand, site and development plan assessment and much more) to develop a Business Plan that we can stand behind when approaching the market on debt and potentially equity.

Our involvement includes working as part of the design team to create an appropriate Concept Plan, developing preliminary specifications, obtaining reliable estimates from experienced Senior Housing builders, and producing a fully vetted Business Plan to secure equity and/or debt financing.

Our Owner’s Rep roles can include, but are not limited to, the following substantial steps in the processes:

(i) Extensive Due Diligence

(ii) Conducting an RFQ/RFP process to secure a manager

(iii) Providing support or oversight of the design team through the building permit approval process.

(iv) Facilitating the closing of debt financing and equity investment when required

(v) Supporting the project through the grand opening, including levels of oversight for a contractor, management, architect, and other members of the team.

Reach out to [email protected] for more information.