Let's face it, it takes a village. With increased stressors from multiple investment groups, staffing challenges, and inflation it is no wonder that our more challenged senior housing assets may get left behind. Some communities need a more hands-on approach from an experienced turnaround team. Check out our latest client success story!
Project Full House was a 150-bed community that offered Independent, Assisted, and Memory Care in Nevada. The community NOI for 2022 was (270k), occupancy was below 65% and the third party operator was in over their head. With the support of Agility, the Private Equity Ownership Team evaluated and installed a new third party operator, transitioned leadership and began an extensive year long turnaround plan.
After twelve months of partnership the results are astounding! Occupancy saw a 21% lift, revenues increased by 33%, and Net Operating Income saw a lift of 365%. The community has a positive net income and is cash flowing with excess funds being utilized for capital improvements. Net Income is projected to exceed $1.3 M for the year. Not only is there a $1.5 M increase in net profit from 2022 but terminal value of the asset has increased more than $3.5 Million
To learn how we have helped this community and ownership group reap the rewards of a solid community success plan, reach out to Agility Senior Living Advisors today! There are more than a million reasons why our client is happy that they chose Agility Consulting & Asset Management.
At Agility Senior Living Asset Management & Consulting, our mission is to grow YOUR mission. Our passion is to empower YOUR success. We equip you with tangible, actionable strategies, skills, and tools customized for your organization’s unique opportunities. We are proud and honored to partner with you.
We are an award-winning Senior Housing Asset Management & Consulting Firm