Senior Living & Care : Land Development

Locations: Throughout the US, with an emphasis in Western, Midwestern, and Southeastern states.
Land Use / Zoning:
  • Suitable for development and operation of a Senior Living & Care Facility, which offer either or all of the following: Independent Living, Assisted Living, and Memory Care.
  • Appropriate zoning / entitlements in place, or within development-friendly jurisdictions that provide for the ability to secure them in the short term.
Project Cost Range:

$15,000,000 to $35,000,000, inclusive of purchase price and costs required for construction / value enhancement.

Parcel Sizes:

Generally, 4 to 10 acres depending upon density restrictions, height limitations and other factors.

Demographics:

Primary Market Areas (within a 5-mile radius) that demonstrate high concentrations and positive growth trends generally consisting of:

  • Income Qualified Seniors (seniors 75+ years old with Median HH Income exceeding $35,000)
  • Income Qualified Adult Children (adults between 45 to 65 years old with Median HH Income exceeding $50,000)
  • Median Owned Housing Values exceeding National and State medians
Local Supply & Demand:

An appropriate balance between competitive supply of existing/planned projects, and qualified demand within the PMA, indicating favorable Penetration Rates.

Proximity To:
  • Hospitals / major medical facilities within five miles
  • Retail shopping and other services within two miles
  • Convenient access to public transportation
  • Adequate supply of labor force
Purchase Types: Single Assets, Portfolios, JV Opportunities

Direct submittals to:

Lance Emery

VP Acquisitions & Development
STEADFAST COMPANIES
18100 Von Karman, Suite 500
Irvine, CA 92612

T: (949) 623-7778
E: Lance.Emery@SteadfastCo.com

 

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