Recent Engagements
- Memory Care Community, 64 beds, 38,500 SF single-story building on 3.2 acres, dedicated secured courtyard and sensory garden, Phoenix, Arizona (Maricopa County submarket)
- Assisted Living & Memory Care Community, 96 units (72 AL / 24 MC), 78,000 SF two-story building, full-service dining and therapy suite, Charlotte, North Carolina
- Continuing Care Senior Living Community, 142 units across Independent Living, Assisted Living, and Memory Care, 165,000 SF on 7.8 acres, clubhouse and wellness pavilion, Sarasota, Florida
Recent Assisted Living Case Studies
SBA 504 Assisted Living Feasibility Study Case Study: Assisted Living and Memory Care New Build in Fort Collins, Colorado
- Type
- Model study
- Program
- SBA 504, special purpose property, new business
- Location
- Fort Collins, Colorado
- Determination
- Feasible
A 72-unit purpose-built community, 48 assisted living units and a 24-unit secured memory care wing, on a 4.90-acre Harmony Corridor parcel in Fort Collins, financed under SBA 504 as a special purpose property operated by a new business.
SBA 7(a) Assisted Living Acquisition Feasibility Study Case Study: Repricing a 10-Bed Licensed Home in Peoria, Arizona Under SOP 50 10 8.1
- Type
- Model study
- Program
- SBA 7(a) initial acquisition under SOP 50 10 8.1 (loan number on or after October 1, 2026)
- Location
- Peoria, Arizona
- Determination
- Not feasible at the asking price; feasible as resized
A 10-bed Arizona assisted living home on one acre in Peoria, marketed with its real estate at $2,300,000 on $268,000 of seller's discretionary earnings, tested against the SOP 50 10 8.1 rule that an acquisition must cover its debt 1.25 times on historical cash flow.
USDA Community Facilities Assisted Living Feasibility Study Case Study: Nonprofit Assisted Living Residence with a Special Care Unit in Punxsutawney, Pennsylvania
- Type
- Model study
- Program
- USDA Community Facilities direct loan
- Location
- Punxsutawney, Pennsylvania
- Determination
- Feasible
A 42-unit nonprofit assisted living residence licensed under 55 Pa. Code Chapter 2800, 30 assisted living units and a 12-unit special care unit for memory care, in a Jefferson County borough of 5,558 with a 49-bed community hospital and no licensed assisted living residence within 20 miles, financed with a USDA Community Facilities direct loan at the 4.500 percent poverty rate over 40 years.
USDA B&I Assisted Living Feasibility Study Case Study: Memory Care-Weighted Assisted Living Community in Kearney, Nebraska
- Type
- Model study
- Program
- USDA Business and Industry guaranteed loan
- Location
- Kearney, Nebraska
- Determination
- Feasible
A 56-unit for-profit assisted living and memory care community, 36 assisted living units and a 20-unit secured memory care wing, on a 4.05-acre parcel on W 39th Street in Kearney, a regional medical and university center of 34,782 that already holds 435 licensed assisted living beds but only two memory care endorsements.
HUD Section 232 Assisted Living Feasibility Study Case Study: New Construction Assisted Living and Memory Care in Overland Park, Kansas
- Type
- Model study
- Program
- HUD Section 232 new construction
- Location
- Overland Park, Kansas
- Determination
- Feasible
A 90-unit purpose-built community, 66 assisted living units and a 24-unit secured memory care wing, on a 4.97-acre parcel on the 135th Street corridor of south Overland Park, in a NIC MAP Primary Market at a record 90.5 percent occupancy, financed with a HUD Section 232 new construction mortgage sized under the program's three tests.
Assisted Living Feasibility Study Case Study: A 159-Unit Assisted Living and Memory Care Proposal in Alpharetta, Georgia That Is Not Feasible as Proposed
- Type
- Model study
- Program
- Bank construction loan at 65 percent of cost with an agency permanent take-out
- Location
- Alpharetta, Georgia
- Determination
- Not feasible as proposed; feasible as resized
A 159-unit assisted living and memory care community on 8.5 acres on Davis Drive in Alpharetta, the program the City approved in its 2022 rental housing study, tested in a metro that ranks second lowest of the 31 NIC MAP Primary Markets at 86.5 percent occupancy and in a city that already holds 1,651 senior rental units.
