Let our senior living industry experience and systematic approach help you along the way.
Offering a full range of consulting services, Northstar Senior Living has helped clients throughout the country achieve extraordinary results in start up ventures, high performing communities, conversions and turn-around opportunities. Northstar works with you and your associates to evaluate opportunities, establish goals, and achieve results.
Professional Senior Living Consulting Services at Northstar Senior Living
Northstar Senior Living is equipped to offer assistance in selecting and evaluating senior living acquisition targets. Our industry experience and systematic approach to asset selection will help assure good decisions are made from the start. Northstar can provide demographic, competitive, property, and labor market analyses.
Additionally, Northstar will send a due diligence team to evaluate the community operations, including sales and marketing, nursing services, food service, maintenance, housekeeping, information systems, business office, activities, and more. The physical plant and competitors are also evaluated during the due diligence period. All of these components are considered and presented to our clients in the process of evaluating a potential acquisition.
Northstar can effectively help owners evaluate their particular project resulting in more cost-effective and quicker decision making.
The quality of financial forecasting is critical when considering a new acquisition, a new development project, or modifications to an existing senior living community. Northstar Senior Living’s analytics provide you with a project pro forma that will allow you the ability to analyze and make solid decisions about your potential project. Because of Northstar’s industry expertise our forecasts can be depended upon for real-world decision making. Northstar Senior Living is committed to providing you with a forecast that is realistic and attainable.
Northstar has developed hundreds of forecasts for every type of senior living product and in every type of market. Using our cost and revenue standards, Northstar provides reliable benchmarks for your future operations. Our pro forma products are delivered to you quickly and economically. Northstar’s finance and operations teams are always available to discuss the forecast with you. Let us support your investment decision with a pro forma you can rely on.
Most of the challenges facing a senior living community can be addressed and corrected with the right property manager. However, location, location, location, holds true for the senior living industry. Northstar will assess your target market and provide you with a market study to assist in your decision-making process. Understanding your market can mean the difference between success and failure of your development or acquisition project.
Northstar’s market assessment goes beyond standard demographics. Northstar will provide you with an assessment of each competitor and how they compare with your proposed project. There is no substitute for Northstar’s industry experience when evaluating your particular market and competitors. Help assure the success of your project with a Northstar Market Assessment.