Senior Care Development, LLC

Overview

Senior Care Development, LLC is a real estate development firm specializing in the creation and management of senior housing communities, including Continuing Care Retirement Communities (CCRCs), also known as Life Plan Communities. With over three decades of experience, the firm has developed and acquired senior living facilities nationwide, focusing on providing quality amenities and superior service to residents. Their portfolio includes notable projects such as Evergreen Woods and Meadow Ridge, recognized as New England's most prestigious CCRCs, as well as numerous assisted living facilities developed under the 'Laurel Gardens' name, which were subsequently sold to Benchmark Senior Living. The firm's expertise extends to financial restructuring and turnaround of defaulted or bankrupt communities, demonstrating a commitment to revitalizing and enhancing senior living environments. Senior Care Development collaborates with a select group of consultants, architects, planners, marketers, and related professionals to ensure operational excellence and community integration. Their longstanding relationships with management companies like Life Care Services and Benchmark Senior Living further enhance the quality and sustainability of their developments. The firm's leadership, including CEO David Reis, emphasizes a focus on a select few projects at any one time, ensuring dedication to quality and successful outcomes. Under Reis's guidance, the firm has acquired and developed senior living facilities exceeding $1 billion over the past 28 years, including the turnaround of The Clare, a 53-story CCRC in Chicago, which achieved occupancy rates exceeding 98% under their management. This track record underscores Senior Care Development's commitment to excellence and its significant impact on the senior housing sector.

Investment Focus

• Quality amenities
• Superior service
• Community integration
• Operational excellence
• Financial stability

Portfolio Companies