OUR SERVICES

For over 10 years, Cascadia Development has focused on ground-up development and repositioning of senior housing, multifamily and commercial space throughout the Western United States. Learn more about our services below.

Market research and analysis are fundamental steps in our senior housing development process. Before selecting a market and site for independent living, assisted living, or memory care communities, we conduct a comprehensive and data-driven assessment. This involves studying demographic trends and projections to understand the aging population’s growth and needs in a specific region. We also evaluate local market dynamics, competition, and the demand for senior housing services. Furthermore, we examine the economic viability of the chosen market, considering factors like median income, healthcare infrastructure, and the presence of healthcare providers. Our commitment to thorough market research ensures that we select locations where our communities can thrive, meet the unique needs of seniors, and provide a high quality of life, all while aligning with our vision of creating exceptional senior living environments.

Our team will create a budget that accounts for all aspects of development, including land acquisition, construction, design, permitting, FF & E and working capital costs. In conjunction we prepare a detailed operational proforma that projects revenue, operating expenses, and financial performance over the initial years of operation. Investment analysis is a pivotal component, where we evaluate potential returns, ROI, and sensitivity analysis to understand various scenarios and mitigate risks. This rigorous and data-driven approach to feasibility ensures that our senior housing projects not only meet financial benchmarks but also align with our commitment to providing exceptional senior living experiences.

There are numerous variables to consider when selecting a site for seniors housing including but not limited to; accessibility and convenience, topography and size, proximity to amenities such as other healthcare facilities and/or shopping, infrastructure and utilities, public transportation, zoning regulations and many more. Site selection is critical within any market for long term viability of the project.

A key piece of the puzzle, especially given the longer lead times many developers are experiencing with local jurisdictions. Seniors housing projects, specifically licensed assisted living or memory care communities can add an additional layer of complexity when working thru land use and entitlements. Working with an experienced developer who understands the process is key for any project to avoid costly delays by permitting the project in the most efficient manner possible..

Each project is unique, requiring the right players on the team to get the job done correctly. We can help assemble the right team members for the project to ensure its success. Just a few of the necessary team members include; general contractor, architect, engineering team, environmental consultants, and interior design. We have relationships with many firms that work across the country, but sometimes it is key to have local representation from key team members.

We work closely with the project’s architectural and design teams, actively participating in the conceptualization and refinement of the assisted living community’s layout and functionality. As an experienced operator, we bring a wealth of experience to the table to ensure that the design not only adheres to regulatory requirements but also enriches the lives of the residents and the efficiency of the staff. We carefully consider unit plans and unit mix to provide a range of living options tailored to various care needs that fit within the given market. Additionally, our input extends to crafting thoughtfully designed amenities and common spaces that promote socialization, engagement, and an exceptional quality of life

We can also oversee the entire construction process, ensuring that every detail aligns with the approved plans and specifications. This involves managing the monthly construction draw process, verify expenses, and make sure that the project stays on budget and schedule. We are adept at handling change orders, carefully evaluating their impact on cost and timeline, and negotiating when necessary to minimize disruptions. As the project nears the final stages of construction, we oversee the punch list, coordinate inspections as needed, and ensure all necessary close-out documents and bonding requirements are in place

We collaborate closely with design consultants to curate a furniture and equipment package that perfectly complements the community’s aesthetic and functionality. Our team will also coordinate the installation. From the interior design of the community to the kitchen layout and equipment package, our goal is to realize the vision of the owner and operator and do so within a given budget

As experienced operators ourselves, we understand how important it is when selecting an operator to manage your community. We believe this is a critical partnership that can determine the success or failure of a project. We work with owners to evaluate and identify the operator that is the best fit for the project. A couple of critical questions that must be answered are: Does the operator focus on a specific segment of seniors housing such as active adult living, independent living, assisted living, or memory care communities? Do they have experience leasing up a new building? What is their track record? These are important questions to think about when selecting an operator. If you are looking for an operator in Washington, Oregon, Idaho, or California you can click on the link to learn more about our affiliate

Cascadia Senior Living

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OUR SERVICES

For over 10 years, Cascadia Development has focused on ground-up development and repositioning of senior housing, multifamily and commercial space throughout the Western United States. Learn more about our services below.

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