Assisted Living Properties
The Owner/Operator was under regulatory scrutiny, and were required to retain The Long Hill Company as a qualified operator. All regulatory issues were resolved and the asset was ultimately transferred to successor owner/operator, successfully exiting CareMatrix from deal.
“The project tested our ability to market sub-standard physical plant in a highly competitive marketplace. ”
President and CEO, The Long Hill Company
The Long Hill Company was sought as an operator due to a dispute between the Owner and Operator who were under regulatory scrutiny. The properties were converted hotels which struggled to compete with new-build assisted living buildings.
The Long Hill Company stationed its representatives on a full-time basis at the facilities to provide daily leadership and execute a census development plan. We were able to maintain viability despite physical plant challenges. We developed a strategic plan with the operator.
Occupancy levels remained stable despite the competitive market of newly built communities
Regulatory issues were resolved
Operated through ownership transition to AIG
Successfully transitioned to successor operator