Investment Info:

Other commercial investment investment.

Evergreen Gardens Assisted Living is a 16-bed residential assisted living home located in Strongsville, Ohio. The property was developed and prepared specifically for assisted living operations, focusing on providing high-quality care in a comfortable residential setting.

The project involved preparing the property for licensing, establishing operational systems, staffing, and creating a supportive environment for residents. Evergreen Gardens operates as a small, homelike assisted living commun

What made you interested in investing in this type of deal?

Growing demand for smaller residential assisted living environments that provide a homelike setting with a higher caregiver-to-resident ratio. The model combines real estate ownership with operational value creation while serving an important need for senior care.

How did you find this deal and how did you negotiate it?

Sourced through local relationships and market research into residential assisted living opportunities. Negotiated based on property condition, licensing requirements, and projected operating performance.

How did you finance this deal?

Financed through a combination of bank financing and sponsor capital.

How did you add value to the deal?

Improvements focused on preparing the home for assisted living operations, including operational systems, staffing structure, and creating a high-quality residential care environment.

What was the outcome?

Property successfully developed into Evergreen Gardens Assisted Living and currently operating as a residential assisted living home in Strongsville, Ohio.

Lessons learned? Challenges?

Developing an assisted living home requires careful coordination of licensing, staffing, and operations in addition to the real estate component. Strong systems and experienced caregivers are critical for long-term success.