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Ongoing | New

New Senior Housing In Rolling Hills Estates, California

FDG to partner with Singerman Real Estate LLC for an adaptive re-use project, converting a three-story office building into a new senior living community.

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Under Development

Flournoy to team up with flatiron on new Cadence at 

Brea California to receive a new senior living memory care and assisted living community in the Spring of 2022!

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Under Development

FDG consults Pegasus on multi-community MC conversion

Flatiron to assist in MC renovation for 5 Pegasus communities in the West, Pacific Northwest and Southwest.

 

SENIOR HOUSING

Advisor | Developer | Asset Manager

Flatiron Development Group (FDG) is a seasoned team of trusted senior housing professionals with an "operator-owner" mentality providing real estate services including project development, asset management, operational programming, CapEx implementation as well as financial underwriting. The principals of FDG have managed over a billion dollars of senior housing development.  FDG also specializes in servicing clients with distressed portfolios. Discover how FDG can partner with you to address your senior housing real estate expansion needs.

“I cannot say enough about Isaac Scott and the Flatiron team.  From the inception of our senior housing project, Flatiron played a leading role assisting our group assemble a team of professionals, prove the projects feasibility, create and manage the proforma, provide architectural guidance and assist our efforts in obtaining financing.

As a long-time developer, our team has developed hotels, office, retail, subdivisions, housing and self -storage.  While we are experienced developers in multiple product types, we recognize the value of bringing in expertise partners when appropriate.  Without Isaac’s assistance, we would not be where we are today.”

-Brian Bennett

 
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SERVICES
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DISCOVERY

Identify target markets, site selection, negotiate purchase and sale agreement, create project budget, conduct internal and external market analysis.

DEVELOPMENT

Lead due diligence and feasibility process, manage development approvals, site studies, building design and engineering, bidding process, general contractor selection, construction management,  project accounting.

DELIVERY

Obtain Certificate of Occupancy, coordinate project close out and as-built drawings, report regularly with project ownership.

CAPABILITIES

Market Analysis 
Site Selection and Analysis
Financial Analysis and Underwriting
Due Diligence
Entitlement and Permitting
Project Design and Budgeting
Development and Construction Management 
Building commissioning and licensing support
Cap-Ex Improvements
Operational Asset Management

Our Clients

Who we partner with?

 

We partner with operators, developers and sponsors in order to mainstream senior housing development projects. 

NATION-WIDE SERVICE 

Our team's combined expertise allows us to take on projects all over the country from Tigard,Oregon to Naples, Florida and our relationships with a multitude of best in class operators allows us to match each project with the ideal operational management for the community's region and specialization.

Completed and Ongoing Project Locations 

Pacific West 

Puyallup, WA

Kirkland, WA Marysville, WA

Vancouver, WA

Tigard, OR

Thousand Oaks, CA 

Lancaster, CA

Carlsbad, CA

Mountview, CA

Orangevale, CA

Murrieta, CA

Apple Valley, CA

Brea, CA

South-West

Aurora, CO

Littleton, CO

Westminster, CO

Tucson, AZ

Scottsdale, AZ

Dallas, Texas 

Mid-West

Overland Park, KS

Wichita, KS

Burr Ridge, IL 

Glenview, IL

Oak Lawn, IL 

Tinley Park, IL 

Minnesoda

 

South East

Naples, FL 

 
 
Vineyard Place | Anthem Memory Care
Vineyard Place | Anthem Memory Care

Harvester Place | Anthem Memory Care
Harvester Place | Anthem Memory Care

Willowbrook Place | Anthem Memory Care | CO
Willowbrook Place | Anthem Memory Care | CO

Vineyard Place | Anthem Memory Care
Vineyard Place | Anthem Memory Care

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ANTHEM MEMORY CARE PORTFOLIO

In-House Development Project 

CO, CA, IL, KS

Status: Complete As of 2018

Client: AMC, partnership of FDG

Services Provided:

  • Development and Acquisition value in excess of $175M

  • Managed All Acquisition & Development Phases

  • Multistate Jurisdictional Coordination: California, Colorado, Illinois, Kansas

  • Research of Over 1,000 Submarkets Throughout the Western United States

 
 

ALMOND HEIGHTS ASSISTED LIVING AND MEMORY CARE

Development Project

Orangevale, CA

Status: Complete 

Services Provided:

  • Spearheaded Acquisition, Development & Design on 128 unit AL/ MC Community on 1.8 Acres, Urban Development

  • Effectively Navigated Challenging California Permitting Process

  • 100% Lease-Up in 9 Months (15 Months Ahead of Pro Forma)

  • Exceeding Pro Forma Revenue by + $150 Per Unit, Per Month

Almond Heights Senior Living
Almond Heights Senior Living

Almond Heights Senior Living
Almond Heights Senior Living

Almond Heights Senior Living
Almond Heights Senior Living

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The Quarry
The Quarry

The Quarry
The Quarry

quarry 5
quarry 5

The Quarry
The Quarry

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ROOD INVESTMENTS PORTFOLIO

Development Project 

Oregon, Washington, California 

Status: Complete 

Client: Rood Investment 

Services Provided:

  • 72-Unit Addition to The Quarry, Vancouver, WA

  • 24-Unit Addition, Kitchen Renovation and Sky Gym to The Glenwood, Vancouver, WA

  • Re-positioned The Flagstone Senior Living to Achieve 100% Occupancy

  • Directed Rehabilitation and Renovation Efforts for the 12-Property Portfolio (OR, WA, CA)

 

SILVERADO THOUSAND OAKS 

Development Project 

Thousand Oaks, California 

Status: Completed, October 2020

Financial Partner: Welltower REIT
Operator: Silverado Senior Living, Client 

Services Provided:

  • Flatiron's principals identified this off-market property, negotiated the purchase, received unanimous City Council approval for our entitlement for a Senior Housing Community and are the lead Development Partners and Owners Representative during construction.

  • The new Community will serve as a home for 82 Memory Impaired Residents in 20 Private and 31 Semi-private units. 

  • The Community is two stories high and 37,019 total square feet on a 2.08 Acre hillside site.  The overall site development and construction costs are $12.5 Million.

Silverado Thousand Oaks | Memory Care Community
Silverado Thousand Oaks | Memory Care Community

Silverado Thousand Oaks | Memory Care Community
Silverado Thousand Oaks | Memory Care Community

Silverado Thousand Oaks | Memory Care Community
Silverado Thousand Oaks | Memory Care Community

Silverado Thousand Oaks | Memory Care Community
Silverado Thousand Oaks | Memory Care Community

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Evoke Senior Living By Eclipse
Evoke Senior Living By Eclipse

Evoke Senior Living By Eclipse
Evoke Senior Living By Eclipse

Evoke Senior Living By Eclipse
Evoke Senior Living By Eclipse

Evoke Senior Living By Eclipse
Evoke Senior Living By Eclipse

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EVOKE BY ECLIPSE SENIOR LIVING 

Development Project 

Tigard, Oregon

Status: In Progress, Spring 2022

 

Client & Operator: Eclipse Senior Living, Evoke Brand

Services Provided: 

  • Flatiron serve as consultant on the following scope from beginning - Market research, project financial feasibility, pro forma development, project programming, operator and architect selection, licensing coordination, manage and provide input to the architect and contractor during design and pre-construction phase.

 
 

MOUNTVIEW ELMCROFT SENIOR LIVING 

Memory Care Conversion 

Glendale, California 

Status: Completed

 

Client & Operator: Eclipse Senior Living, Elmcroft Brand

Services Provided:

  • owner representitve / project manager for memory care conversion 

  • provided client with market research, competitor analysis,  project feasibility, financial analysis, design programming, and project management, including FF&E coordination.

Mountainview Senior Living | Assisted Living
Mountainview Senior Living | Assisted Living

Mountainview Senior Living | Remodel
Mountainview Senior Living | Remodel

Mountainview Senior Living | Assisted Living
Mountainview Senior Living | Assisted Living

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Carlsbad CA
Carlsbad CA

Carlsbad CA
Carlsbad CA

Carlsbad CA
Carlsbad CA

Carlsbad CA
Carlsbad CA

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LAS VILLAS DE CARLSBAD |  ELMCROFT 

Memory Care Conversion

Carlsbad, California ​

Status: Completed 

Client & Operator: Eclipse Senior Living, Elmcroft brand

Services Provided:

  • owner representitve/ project manager for memory care conversion 

  • provided client with market research, competitor analysis,  project feasibility, financial analysis, design programming, and project management, including FF&E.

 

LIANA OF NAPLES MEMORY CARE 

Development Project 

Naples, Florida

Status: Grand Opening 

Client & Sponsor: Trinity ​Private Equity 

Operator: Liana Memory Care 

Services Provided:

  • Project takeover of ongoing development in Naples, FL

  • Development Project Management, operator engagement, construction project management. 

Liana of Naples | Entry
Liana of Naples | Entry

Liana of Naples | Great Room
Liana of Naples | Great Room

Liana of Naples | Outdoor Activities
Liana of Naples | Outdoor Activities

Liana of Naples | Entry
Liana of Naples | Entry

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TORTOISE PORTFOLIO

Consulting Services

Southeastern United States 

Status: Completed 2020

Services Provided:

  • Market Research, Financial Analysis, Mystery Shop and Competitor Analysis of 9 different potential  Tortoise communities 

  • Examined sites in Southeastern United States and compiled indepth summaries of market and capital opportunity

MARKET RESEARCH EXAMPLE 

Consulting Services ​

Standard Services Provided:

  • Market Research & Site Analysis

  • Preliminary Proforma & Financial Analysis

  • Mystery Shop and Competitor Analysis

ABOUT THE TEAM

 Our team is made up of  experienced professionals  whose combined acumen and specialties including senior living development, operations, real estate, market research analytics,  financial analysis, cost management, project  management and architectural design, merge to create a well-rounded  team to take on a wide range of senior housing developments.  

 
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ISAAC SCOTT

Principal

                                                             Isaac Scott has been the Development                                                                       Principal with Anthem Memory Care since                                                                 2007.  Over the past 10 years, Mr. Scott has                                                               developed and/or acquired over $200M in real estate including stand-alone memory care, assisted living, independent living additions and senior living renovations in Oregon, Washington, California, Colorado, Kansas, and Illinois. Isaac earned a BA from the University of Oregon and a master's certificate in real estate development from Portland State University.

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LIEM NGUYEN

Director of Analytics 

                                                             Liem manages all market research related                                                                 functions, including real estate/site                                                                             selection analysis and project feasibility.                                                                     Liem identifies and evaluates markets and sites for new developments and potential acquisition opportunities, manages the budget model, pro forma and oversees project life cycle from site identification to construction.  Liem possesses 20+ years experiences in project management, construction cost management, financial/data analysis, and real estate; and held multiple roles in commercial building, heavy civil, heavy industrial construction projects and corporate operations.  Liem received his B.A. in Architecture, with a concentration on Architectural Project Management from Portland State University.

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PAUL MULLIN

Principal

                                                             Paul has developed senior housing projects                                                               valued at over $600 million. He has                                                                             acquired and developed over 3500                                                                             residential beds in over 35 assisted living, memory care and skilled nursing properties. Paul’s development efforts led to one of the industry’s 1st RIDEA partnerships in 2011 resulting in a $298M joint venture.  Paul’s experience covers  complex “turnaround” transactions, ground-up development, stabilized core assets and JV partnerships with development and financial firms.  His success can be attributed to his ability to identify, build and manage relationships with seniors housing operators, health systems, real estate developers and financial institutions that contribute to the growth of our health care real estate portfolio. Paul received his B.A. in Political Science from UC Santa Barbara and his MBA focused on Real Estate Finance from the USC Marshall School of Business, where he was the President of his Class.  Paul is an active member of several not for profit and community service organizations including ARGENTUM’s Workforce Development Committee, National Investment Center for Senior Housing Future Leaders Council and University of Wisconsin CHAASE Board.

ISABELLA DAY

Development Project Manager

                                                            Isabella is responsible for overseeing the                                                                  entirety of the development phase from                                                                    pre-development end to the grand opening. Isabella earned a Bachelor of Architecture from Penn State University minoring in environmental studies. She applies these skills along with her continued post secondary education at Portland State University as a Master of Real Estate Development candidate, to her role as development project manager. 

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CONTACT US

5335 Meadows Road, Suite 140, Lake Oswego, Oregon 97035

(503) 878-7818

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info@flatirondg.com

(503) 878-7818