Evans Senior Investments was hired to sell an Assisted Living Facility in the Northeast. The facility offers a range of services, including: Assisted Living, Alzheimer’s & Dementia Care/Memory Support, Adult Day Care, Short Term Respite Care, Hospice Care & Support.
This community has consistently increased their rents 3-5% annually, with rents as high as $8,200/month. The asking price is $11,750,000 based on the 2009 actual financial statements leaving additional upside to the new owner with filling up the remain units and reducing operating expenses.
Those interested in learning more about this facility should contact Jason Stroiman at Evans Senior Investments at (312)896-0123 or visit Evans Senior Investments’ website, www.evansseniorinvestments.com.
July 28, 2010
Impact of CCRC's on the Community - Part 1
Part 1
Across the nation, cities wrestle with zoning provisions and restrictions. In Portsmouth, New Hampshire, officials must decide whether a continuing care retirement community or an office development is more beneficial for a community.
What are the benefits of assisted living facilities and CCRC's?
A simple cost-revenue analysis provided to Portsmouth authorities showed this particular retirement community earning nearly $900,000 more than an office development. While these numbers seem to make the decision painless, much lingers behind the debate.
To understand the enormous breadth of the assisted living industry we must first examine a few statistics from the Assisted Living Federation of America.
* $109 billion in total output.
* $40 billion in earnings.
* 1.3 million jobs—total employment.
* $63 billion in value added.
These numbers take into account the "final demand multipliers" to better represent the assisted living industry's impact on the broader economy.
As we continue the cost-benefit analysis of assisted and independent living facilities, we will determine how the size of the facility directly relates to their social, economic, and at times even political impact.
Across the nation, cities wrestle with zoning provisions and restrictions. In Portsmouth, New Hampshire, officials must decide whether a continuing care retirement community or an office development is more beneficial for a community.
What are the benefits of assisted living facilities and CCRC's?
A simple cost-revenue analysis provided to Portsmouth authorities showed this particular retirement community earning nearly $900,000 more than an office development. While these numbers seem to make the decision painless, much lingers behind the debate.
To understand the enormous breadth of the assisted living industry we must first examine a few statistics from the Assisted Living Federation of America.
* $109 billion in total output.
* $40 billion in earnings.
* 1.3 million jobs—total employment.
* $63 billion in value added.
These numbers take into account the "final demand multipliers" to better represent the assisted living industry's impact on the broader economy.
As we continue the cost-benefit analysis of assisted and independent living facilities, we will determine how the size of the facility directly relates to their social, economic, and at times even political impact.
July 19, 2010
Chicago Suburb Opens 26 Acre Senior Living Community
In Geneva Illinois, just west of Chicago, Friendship Senior Options is breaking ground today on a $50 million dollar Life Care Community.
Greenfields of Geneva will consist of 147 apartment homes. Once the facility is opened, approximately 18 months from now, residents will enjoy access to Tanna Farms Golf Course as well as nearly 20 miles of walking trails extending throughout Kane County.
Greenfields of Geneva
Greenfields of Geneva will consist of 147 apartment homes. Once the facility is opened, approximately 18 months from now, residents will enjoy access to Tanna Farms Golf Course as well as nearly 20 miles of walking trails extending throughout Kane County.
Greenfields of Geneva
July 14, 2010
Job Opening at Evans Senior Investments
Senior Housing Brokerage Position
Company Information
Evans Senior Investments is a unique, full-service real estate company specializing in selling assisted living facilities and nursing homes across the country. In a class of its own, Evans Senior Investments prides itself on its stalwart commitment, extensive network, loyal confidentiality, passionate integrity and outstanding value. We are dedicated to representing sellers in the sale of their senior housing facility.
Senior Housing is a niche commercial real estate industry that demands the expertise our firm has to offer.
Desired Individual
This is an entry-level opportunity in the Senior Housing brokerage business. Evans Senior Investments will provide all the necessary tools and training to be successful.
The following characteristics are keys to success within Evans Senior Investments:
• Ethical
• Entrepreneurial
• Open to learning
• Motivated
• Goal-orientated versus dream-orientated
• Competitive
• Organized
Requirements include:
o Bachelor’s degree
o Must have integrity and a desire to be part of a team environment.
o Excellent communication and time management skills
o Strong planning/organizational skills
o Ability to multi-task
Real Estate experience is not required
The aging population and demographics has translated into a high demand for our brokerage services. Our firm believes in developing a person who is willing to learn and embrace the core competencies and values of our growing organization. This candidate will be provided with hands on training and will be working directly with upper management.
For consideration, please email resumes to info@evansseniorinvestments.com
To learn more about Evans Senior Investments, please find us on the web at www.evansseniorinvestments.com.
Company Information
Evans Senior Investments is a unique, full-service real estate company specializing in selling assisted living facilities and nursing homes across the country. In a class of its own, Evans Senior Investments prides itself on its stalwart commitment, extensive network, loyal confidentiality, passionate integrity and outstanding value. We are dedicated to representing sellers in the sale of their senior housing facility.
Senior Housing is a niche commercial real estate industry that demands the expertise our firm has to offer.
Desired Individual
This is an entry-level opportunity in the Senior Housing brokerage business. Evans Senior Investments will provide all the necessary tools and training to be successful.
The following characteristics are keys to success within Evans Senior Investments:
• Ethical
• Entrepreneurial
• Open to learning
• Motivated
• Goal-orientated versus dream-orientated
• Competitive
• Organized
Requirements include:
o Bachelor’s degree
o Must have integrity and a desire to be part of a team environment.
o Excellent communication and time management skills
o Strong planning/organizational skills
o Ability to multi-task
Real Estate experience is not required
The aging population and demographics has translated into a high demand for our brokerage services. Our firm believes in developing a person who is willing to learn and embrace the core competencies and values of our growing organization. This candidate will be provided with hands on training and will be working directly with upper management.
For consideration, please email resumes to info@evansseniorinvestments.com
To learn more about Evans Senior Investments, please find us on the web at www.evansseniorinvestments.com.
Independent Living Owners Offer Incentives during Recession
The market for assisted living and skilled nursing homes is driven by need. On the other side, independent living owners must offer a product that is highly desirable on its own accord.
A recent article from the Dallas Morning News illustrates how the recession has impacted the independent living industry. Simply put, seniors have been willing to wait out the bad times before purchasing their new community home or apartment.
With margins already thin, owners could not afford to "ride out the storm" as their consumers were. Instead, many facilities have drastically reduced prices and are beginning to offer various incentive packages alongside the lease. From restructured meal plans to purchase options, owners are utilizing whatever it takes to increase demand.
Of course this only exists as a temporary fix. Independent living owners must consistently strive to create a community environment where seniors can reside without detrimental financial burden.
Evans Senior Investments
A recent article from the Dallas Morning News illustrates how the recession has impacted the independent living industry. Simply put, seniors have been willing to wait out the bad times before purchasing their new community home or apartment.
With margins already thin, owners could not afford to "ride out the storm" as their consumers were. Instead, many facilities have drastically reduced prices and are beginning to offer various incentive packages alongside the lease. From restructured meal plans to purchase options, owners are utilizing whatever it takes to increase demand.
Of course this only exists as a temporary fix. Independent living owners must consistently strive to create a community environment where seniors can reside without detrimental financial burden.
Evans Senior Investments
July 12, 2010
Heritage Commons Receives Max Award from FHLB
In Dixon, California, a senior housing community has been awarded the maximum $1,000,000 grant through the Affordable Housing Program (AHP) sponsored by the Federal Home Loan Bank of San Francisco.
The AHP "provides grants and subsidized loans to support affordable rental housing and home-ownership opportunities." The bank sets aside 10% of its net income to be used for development and rehabilitation throughout California, Arizona, and Nevada.
Dixon, located about 30 miles Southwest of Sacramento, was the only rural community to receive the $1,000,000 award. Heritage Commons will initially include 60 units of senior housing and is planning to double the community's size in the future.
The AHP "provides grants and subsidized loans to support affordable rental housing and home-ownership opportunities." The bank sets aside 10% of its net income to be used for development and rehabilitation throughout California, Arizona, and Nevada.
Dixon, located about 30 miles Southwest of Sacramento, was the only rural community to receive the $1,000,000 award. Heritage Commons will initially include 60 units of senior housing and is planning to double the community's size in the future.
July 07, 2010
Predicting your Lifespan?
Boston University researchers have successfully determined a group of genetic variants that can predict long lifespans.
After hypothesizing that centenarians, those living to the age of 100 or older, carried certain gene characteristics, BU scientists decided to search for a "longevity gene." The results were astonishing. With nearly 80% accuracy, a doctor could predict if a person would survive to the age of 90 or older.
What does this mean for the Senior Living Industry? At the moment nothing. The tests are still not practical for the average person, as "gene kits" would cost thousands of dollars. Still, one can imagine the tremendous consequences of implementing such techniques. The moral and ethical debate has already begun, while some have turned their eyes toward its forecasting potential. Either way, waves of information will continue to surge from the field of genetics and predictive medicine, both aiding and evolving the senior living industry.
BU Scientists Identify Longevity Gene
After hypothesizing that centenarians, those living to the age of 100 or older, carried certain gene characteristics, BU scientists decided to search for a "longevity gene." The results were astonishing. With nearly 80% accuracy, a doctor could predict if a person would survive to the age of 90 or older.
What does this mean for the Senior Living Industry? At the moment nothing. The tests are still not practical for the average person, as "gene kits" would cost thousands of dollars. Still, one can imagine the tremendous consequences of implementing such techniques. The moral and ethical debate has already begun, while some have turned their eyes toward its forecasting potential. Either way, waves of information will continue to surge from the field of genetics and predictive medicine, both aiding and evolving the senior living industry.
BU Scientists Identify Longevity Gene
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