Development Services: Senior Retirement and Assisted Living Facilities

SAMPLE   CASE   SUMMARIES

The following are selected project case summaries taken from a sample of the numerous retirement and assisted living projects completed by NCM.

ARIZONA
In collaboration with private investor groups, NCM has conducted preliminary market feasibility research and initial market evaluations in multiple Arizona communities. These have focused on the development of senior housing, retirement and assisted living facilities. In some cases, the senior complex envisioned   is   structured   as a part of   large-scale senior and mixed family housing developments.

CALIFORNIA, COLORADO, FLORIDA, MAINE, MISSISSIPPI, TEXAS , UTAH
In cooperation with both for profit investor groups and non profit entities, NCM anticipates evaluating the potential for development of senior retirement and assisted living complexes in several locations. The preparation of preliminary market and financial feasibility studies is envisioned as the first step in the development of   these projects. Full development services will be provided, as appropriate to each project.

HAWAII
A Market Feasibility Analysis was completed by NCM on behalf of a private investment group to determine the potential for a market rate senior retirement facility in Maui County, Hawaii. The proposed site was an existing property owned in Kihei. The study recommended that a facility in the Kihei area be considered (independent and assisted living); in the secondary service area an unmet need for assisted living was forecast within the Caucasian senior community.

MISSISSIPPI
NCM has been selected to provide services in conjunction with the development of a senior retirement/assisted living complex serving a national, non profit religious community and ethnic population. The project will be integrated with the renovation of a college campus and development of significant new housing serving both seniors & the general population.

MONTANA
NCM has been selected to assist a private investor group develop a large-scale senior housing, retirement and assisted living complex serving the age 70+ private pay senior population. The proposed project is the first in a series of projects anticipated to be developed by the group.

OREGON
A Market Study to determine the feasibility of a senior retirement complex was completed on behalf of a nonprofit sponsor. The site in question was property located adjacent to the local hospital. The study concluded that demand existed for market rate assisted living, low-moderate income assisted living, market rate congregate and low-moderate income congregate housing. The proposed   complex was developed on the site and opened in the summer of 1995.

WASHINGTON
NCM served as Project Development Coordinator on behalf of a private family in the development of a combined retirement and assisted living facility, utilizing a site located adjacent to an existing skilled nursing facility. Construction of the facility was completed in July 2000. The facility leased up on schedule and now operates at full occupancy with a waiting list.