Services
We provide development management services to primarily non-profit CCRCs and other senior living facilities located in central and eastern United States – we have extensive market and senior living product knowledge.
Facility master planning & strategic planning for existing campuses and expansions
Facility master planning & strategic planning for existing campuses and expansions
- Client centered and client involvement
- Internal assessment of services, configuration, operations, and finance
- External analysis from third-party market studies and regulatory environment
- Definition of goals & objectives
- Identification of strategic direction and options
- High-level project cost estimating & financial analysis
- Identification of initiatives & resources necessary for implementation
Project planning: repositioning, new development, & acquisitions
Project planning: repositioning, new development, & acquisitions
- Master planning of strategic directions*
- Project definition (services & scope)*
- Operating objectives
- Operating plan & program definitions
- Conceptual design of project*
- Permit & approval identification
- Project budgeting & scheduling*
- Financial analysis & plan of financing
- Acquisition evaluation & assistance
*in conjunction with client’s architect & contractor
Design Oversight
Design Oversight
- Preparing & managing the project schedule
- Supervising the design team & process
- Directing the decision-making process
- Identifying owner responsibilities
- Facilitating value engineering process
Permits & Approvals
Permits & Approvals
- Experienced guidance through land use approvals and building permits
- Experience with regulatory filings and obtaining approvals
Financial Planning & Development
Financial Planning & Development
- Operations program development
- Extensive interactive financial modeling
- Resident services pricing analysis & structuring
- Alternate resident contract types and terms
Financing Advisory
Financing Advisory
- Management/oversight of the financing process
- Possesses extensive capital market (bond market and bank lending) experience
- Provide alternate financing concepts to enhance investment bankers’ recommendations
- Provide independent assessment & evaluation of financing structures
Marketing Strategy & Oversight
Marketing Strategy & Oversight
- Provide interactions with marketing professionals in product development and strategy
- Coordinate development of collateral materials with marketing staff and architects
- Develop pricing concepts and quantitative analysis
- Draft residency agreements
- Prepare the related regulatory filings
- Monitor sales performance and results
- Oversee marketing plan and budget
Project Administration
Project Administration
- Act as facilitators and communicators between management and professional team and between management and board
- Assist with preparation of development team member contracts
- Management of detail project costs, the approval process with the client and monitoring compliance with contractual amounts and related terms throughout the development process
Construction Oversight
Construction Oversight
- Negotiate the construction contract terms and pricing (GMP)
- Oversee contractor’s purchasing of subcontracts and review subcontract change orders
- Facilitate communication between contractor, designers, and client
- Manage contingencies & manage/negotiate change orders
- Thorough reporting to client & financing sources
Construction Closeout
Construction Closeout
- Coordinate client’s team during the close-out phase
- Completion of construction deficiencies
- Resolve open issues and settle the financial close-out with contractor
- Oversee training of systems and equipment prior to opening
- Processing required guarantee and warranty documents
- Final report on cost, schedule, and remaining/ongoing matters