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Florida-Based Assisted Living & Memory Care Group

New senior housing group seeks equity partners to help fund its growth. Investment vehicles are three facilities in Central and Southeast Florida.

  • Stage Product In Development
  • Industry Healthcare Services
  • Location Winter Park, FL, USA
  • Currency USD
  • Founded April 2010
  • Employees 10

Company Summary

The Company co-founders, partnering with experienced operators, are building a premium senior housing group in Florida. Their first facility, housing 126 residents and costing $29 million, is nearing completion in Central Florida, and two similar projects will soon be launched in Southeast and Central Florida. The group targets attractive secondary markets and introduces facilities with contemporary design and innovative programs.

Team

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    Co- Founder
    First

    The first co-founder owns a group of companies that have designed and built over 180 residential and commercial projects over the past 30 years. These projects have included medical and dental offices, college dormitories, and assisted living facilities. Additionally, he is a director of the hospital located adjacent to the group's first assisted living facility, now under construction.

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    Co- Founder
    Second

    The second co-founder owns a mechanical contractor specializing in multifamily and commercial markets including hotels, senior housing, student housing, timeshare resorts, apartments and condominiums. He holds general contractor, HVAC and plumbing licenses in a number of states.

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    Care- Giver
    Manager

    The CEO of the group that will manage the first facility leads a separate senior housing company that manages seven facilities across Central Florida. His family has been engaged in the operation of senior living facilities for three generations.

Advisors

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    Top 10 U.S. law firm, ranked by revenues, 2010
    Lawyer
    Unconfirmed
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    Top 5 Central Florida accounting firm; ranked by employees, 2010
    Accountant
    Unconfirmed

Previous Investors

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    Co-founders invested $4.6 million, manager $0.4m, 3 insiders $0.1m and 4 outside investors $0.3m
    Unconfirmed