The senior housing industry has had its share of failures over the past 20 years. Developers built retirement communities that did not fill up in a timely fashion. Others built projects that totally ignored the market's needs and expectations.
Today there is a great deal of interest in assisted living.
Enticed by the demographic age wave that is being shown in the media. This business involves more than building a building and hiring staff. My philosophy can be characterized as conservative. I place a great deal of emphasis in determining if a market exists for the project, using conservative pro forma and budget expectations. Developing a product that works today.