Throughout its thirty-plus years in business, Cambridge Realty Capital has amassed a wealth of knowledge in the field of senior living. Our advice and insight, like the ideas you will find in "Some Advice For Senior Housing/Healthcare Owners: Put The Needs Of Residents First", is based on on-the-job experience plus the unique skills and talents of Cambridge’s staff and their individual specialties. This quick read from Cambridge’s archives is filled with timely advice that is as relevant today as ever and will inspire you as you weigh your capital market options.
Some Advice For Senior Housing/Healthcare Owners: Put The Needs Of Residents First
Before anything else, successful senior housing/healthcare owners put the healthcare needs of residents first and foremost, says Cambridge Realty Capital Companies Operations and Asset Manager Brent Holman-Gomez, a senior vice president with the firm.
Cambridge is one of the nation’s leading FHA-approved HUD lenders. The company’s principal investment strategy involves direct property acquisitions, sale-leasebacks, conventional and mezzanine financing, and the acquisition of distressed debt, he said.
“Operators of senior facilities have a lot on their minds, but it’s obvious what the first item of concern should be. A property cannot be successful for more than a short period of time if attention to the needs of residents is not the top priority.
“Only when a property has stabilized clinical operations that exceed regulatory requirements is success a likely possibility,” he believes.
Holman-Gomez says Cambridge has more than 12 years of experience in actively investing in senior housing and healthcare properties through its Cambridge Investment and Finance Co. subsidiary.
“Fortunately the government’s survey process provides regular signs and guidance to alert owners and operators of clinical and physical plan areas that are problematic. Once the government’s concerns in this area are met owners and operators can turn their attention to other needs that may need addressing,” he said.
Of course, it’s only a great deal if it actually closes. Cambridge Realty Capital is committed to walking with its clients every step of the way, from initial inquiry to the receipt of funds. One of the things Cambridge’s clients have consistently attested to throughout its years in business is that they are never abandoned during the process. You won’t be left hanging with unanswered phone calls or unreturned emails. If it’s a concern to you, it’s a concern to Cambridge.