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PROVEN RESULTS
Startup - Houston, Texas
Beacon Communities was contacted by a developer near Houston, Texas who
wanted to build an Assisted Living Community. The developer was experienced
in multifamily housing, but not in senior housing.
Building the facility would be no problem, but there were other
questions:
- How to operate the community?
- What would lenders be looking for?
- What special methods are used to market this
type of property?
- Did the developer have the key people needed to
succeed?
The developer had a solid foundation, and Beacon
helped build a strong framework for the project. We reviewed the existing
plans and included these points in the scope of our consultation:
- We reviewed the developers 'Sources and Uses'
Statement and made recommendations and improvements
- By developing 3 years of operating pro formas
for the lending institution, we maximized his position with the lenders
- Beacon developed a strong pre-construction
marketing plan and helped determine a realistic budget
- We recruited qualified key management staff, and
created hiring guidelines for other positions
By contacting Beacon early in the process, this
developer was able to avoid many of the pitfalls that snare others. Armed
with a clear roadmap to success, we're confident this client will meet their
goals.
Need more proof? Read the following case studies
for more Beacon Communities success stories:
Startup – Houston, TX
Startup – Suwanee, GA
Turnaround – Oakwood, GA
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