I am developing an assisted living/memory care facility in Citrus Heights. Expected about 75,000sf building on 4.5 acres. Looking for partners.
[ Edited by commercialking on Date 04/10/2007 ]
Catholic health charities was one name dropped to me.
Iwas looking at the purchase and rebuild of a ALF into a larger ALF and Independent living apartments.
I found alot of info googling around. I found state specific trade groups.
An interesting angle was a ALF "shopper" that called from a web inquiry (forgot the site) and said how much you want to pay? and then would show me properties in that range. She was showing properties btwn 1200-5000/month.
I think the senior living industry is a definite growth area.
I ran into a money person when I was shopping for financing who had several people in his pocket that would have flipped the deal from me.
The ALF I was working on is coming back to life. No one can agree on the number on the number of beds to run numbers or to hire and architect to do it for us.
I can get you the contact with the person who has one,i know he has a licenses and what ever you need to run this business,never got into that too deep.But i know he was selling a month ago.
I can ask for you guys if you want.
High end are not listed --they are traded face to face -networking and going to Conferences- I do Financing--yes- growing market-- if you have money and experience--its easy to buy a hotel at discount and convert to assisted living facility --
will do
I am developing an assisted living/memory care facility in Citrus Heights. Expected about 75,000sf building on 4.5 acres. Looking for partners.
[ Edited by commercialking on Date 04/10/2007 ]
Catholic health charities was one name dropped to me.
Iwas looking at the purchase and rebuild of a ALF into a larger ALF and Independent living apartments.
I found alot of info googling around. I found state specific trade groups.
An interesting angle was a ALF "shopper" that called from a web inquiry (forgot the site) and said how much you want to pay? and then would show me properties in that range. She was showing properties btwn 1200-5000/month.
I think the senior living industry is a definite growth area.
I ran into a money person when I was shopping for financing who had several people in his pocket that would have flipped the deal from me.
Construction costs was the big unknown.
cjmazur.
What ever happened to the deal? Did it work out?
convert, and then lease to an operator.
The ALF I was working on is coming back to life. No one can agree on the number on the number of beds to run numbers or to hire and architect to do it for us.
"partners" can be most frustratinmg at times.
I can get you the contact with the person who has one,i know he has a licenses and what ever you need to run this business,never got into that too deep.But i know he was selling a month ago.
I can ask for you guys if you want.
I am looking at the purchase and rebuild of a ALF into a larger ALF and Independent living apartments.
Posted: 09:54 on 04-19-2007
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cjmazur.
What ever happened to the deal? Did it work out?
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It is slowly simmering. They changed the structure such that it would be a JV with them as a minority interest.
What the property is rent stabilized, the minority holder would buy us out. (see my post: deal in the pipeline).
High end are not listed --they are traded face to face -networking and going to Conferences- I do Financing--yes- growing market-- if you have money and experience--its easy to buy a hotel at discount and convert to assisted living facility --