Turnkey Senior Housing Development
Feasibility – Architecture – Construction – Staffing – Rentals – Facility Management
Alcore Senior Living takes a project from concept through architectural design, construction, staffing, pre-sales rentals and successful opening of a seniors housing community. What works in one market may not be suitable for another market – avoid cookie cutter design and management.
The Alcore team understands creating market differentiation. But based on clearly defined research. What are seniors and their adult children seeking? At what rental rates? What should be the mix of studio and 1 & 2 bedroom apartments for both assisted living and independent living? How should this project be positioned and marketed against nearby competitive offerings? What are contingencies?
Alcore Senior Living takes a project from concept through architectural design, construction, staffing, pre-sales rentals and successful opening of a seniors housing community. What works in one market may not be suitable for another market – avoid cookie cutter design and management. The Alcore team understands creating market differentiation. But based on clearly defined research. What are seniors and their adult children seeking? At what rental rates? What should be the mix of studio and 1 & 2 bedroom apartments for both assisted living and independent living? How should this project be positioned and marketed against nearby competitive offerings? What are contingencies?
As owners and operators, armed with the accurate research and experience, we collaborate with clients to select the best architecture design, business plan and marketing strategy to succeed. And within budget. While project development varies, below is an example of typical phases of development. Examples of our research follow including market analysis and financial forecasting.
Phases of Senior Housing Planning & Development
The phases below are typical of new purpose-built facilities or commercial real estate conversion. A Phase 1 high-level market study is first. If the study is favorable, a high-level financial forecast follows.
