Mike Adams • Call or Text (713) 545-7125 • [email protected]
Assisted Living Conversion Deal
MT PLEASANT ASSISTED LIVING & MEMORY CARE PROJECT
Executive Summary
Housing by Sun America is a well-known and long-established Texas-based real estate company who provides construction, compliance, and project management proficiency. We empower the local communities through fiscally responsible projects. Our offices are in the greater Houston area. Our company’s focus is to provide quality housing and care for the aging part of the populace as well as veterans and their families.
We are in the initial fundraising stages with the primary goal of raising the capital to build an Assisted Living Facility in the community of Houston, Texas. Public and private planners may use this to summary to decide how best to meet the community’s overall needs. Prospective investors can utilize this information to make sound investment decisions when considering investing with Housing by Sun America’s Portfolio. We have conducted a comprehensive analysis of the local market. Our research indicates that this investment opportunity will meet the need for a long-term care facility in the community of Houston, Texas, and the surrounding area. Our comprehensive analysis of the local market indicates the need for various types of long-term residential care facilities, including a solid demand for assisted living and memory care units.
The project’s pre-development cost, including surveys, engineering, architectural design fees, permitting, and initial site preparation, are $350,000. The development cost for this assisted living facility project in Harris County, Texas, $500,000 payoff project. Our responsibilities to the project include providing staging, logistics, consultation services, crafting proposals with cost-effective estimates, contract negotiations, strategic planning, and project execution. Based on the opportunities created by the unmet demand for assisted living and memory care facilities in the growing city of Houston, our Facility will be in an excellent position to commence services immediately upon completion of the project.
By pricing our services competitively within the existing market, the Facility can effectively penetrate the market. Examples of services to be offered include but are not limited to: round the clock access to care by licensed medical professionals, on-site physical therapy, centralized dining, and flexible transportation services allowing for off-site outings. In conceptualizing the Facility, two crucial factors for prospective residents will be emphasized: privacy and quality of services. Thus, the Assisted Living Facility has been designed to offer up to 15 Units, including private studios and shared apartments. Likewise, the pro forma budget allows the Assisted Living Facility to pay competitive wages to key management and staff, enhancing operations quality.0
Facility Services Offered
- A registered nurse and/or other medically trained staff will be on-site 24 hours a day in case of emergency, provide medication management, and supervise daily living activities. Nursing staff will “make rounds” and be aware of the resident’s general whereabouts. The number of personnel will be proportional to the occupancy level of the Facility. Staff will include a nurse-administrator, certified nurse assistants, personal care attendants, a health/wellness director, an activity director, a dietitian/food service manager, cooks, and maintenance personnel.
- Assistance (as needed) with the resident’s activities of daily living, such as bathing, dressing, taking medications, and eating.
- The assisted living facility will also incorporate a health and exercise program (in cooperation with the physical therapy center located next door to the site).
- Three meals a day in a central dining area. Most residential units at the assisted living facility will not have full-size kitchens but may contain a kitchenette equipped with a dormitory-size refrigerator and/or microwave oven.
- Transportation to local medical facilities and businesses, including the local hospital or day cent. Additionally, the assisted living facility will provide transportation to more extensive facilities as needed by residents. This flexible transportation service allows the assisted living facility to assist with personal services, with minimal decline in the resident’s independence.
- Full compliance with all Texas licensure and federal certification requirements and all other applicable local, state, and federal laws.
- The assisted living facility will include activities and other components necessary to enrich resident’s quality of life.
Our responsibilities to the project include providing consulting, presenting proposals with cost-effective estimates, negotiating the terms of the contracts, providing strategic planning of the project followed by the execution and completion, and staging and logistics.
Initial Investment: $350,000
$300,000 (SURVEY, ENGINEERING, ARCHITECT, & PRE-DEVELOPMENT)
$500,000 (Payoff Project)
15 Unit Assisted Living Facility
Property Features:
The property is currently zoned for Residential or Multifamily use with easy access to 610 and 288 . Excellent Development Opportunity in Rapidly Growing Area.
OUR COMPANY
Housing by Sun America is an established Texas-based real estate company with 20 plus years of experience in the industry. Over the past 20 years, we have built a diverse portfolio of properties throughout the continental United States. We specialize in commercial construction, residential and commercial development projects, and single-family and commercial property development projects. Utilizing our vast expertise, we have coordinated, consulted, and completed a variety of construction projects that align with our core values of professionalism, sustainability, integrity, honesty, transparency, leadership, economic justice, diversity, and inclusion.
OUR MISSION
Housing by Sun America’s mission is to provide quality housing and top-notch long-term care for veterans, their families, and the aging part of the populace. We are committed to providing dignity to the populace’s most vulnerable segments and providing the local communities that we serve with opportunities in alignment with our core values of professionalism, leadership, economic justice, diversity, and inclusion.
OUR CORE COMPETENCIES
Housing by Sun America’s core competencies of construction management, project management, strategic planning, and risk management coupled with our vast expertise and experience provides us with a unique position in the housing market, enable us to provide turnkey solutions from single source projects, multilevel programs and complete construction and accreditation of mission-critical specialty facilities.
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