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.
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.”
Identify target markets, site selection, negotiate purchase and sale agreement, create project budget, conduct internal and external market analysis.
Lead due diligence and feasibility process, manage development approvals, site studies, building design and engineering, bidding process, general contractor selection, construction management, project accounting.
Obtain Certificate of Occupancy, coordinate project close out and as-built drawings, report regularly with project ownership.
Site Selection and Analysis
Financial Analysis and Underwriting
Entitlement and Permitting
Project Design and Budgeting
Development and Construction Management
Building commissioning and licensing support
Operational Asset Management
Who we partner with?
We partner with operators, developers and sponsors in order to mainstream senior housing development projects.
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
Kirkland, WA Marysville, WA
Thousand Oaks, CA
Apple Valley, CA
Overland Park, KS
Burr Ridge, IL
Oak Lawn, IL
Tinley Park, IL
ANTHEM MEMORY CARE PORTFOLIO
In-House Development Project
CO, CA, IL, KS
Status: Complete As of 2018
Client: AMC, partnership of FDG
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
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
ROOD INVESTMENTS PORTFOLIO
Oregon, Washington, California
Client: Rood Investment
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
Thousand Oaks, California
Status: Completed, October 2020
Financial Partner: Welltower REIT
Operator: Silverado Senior Living, Client
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.
EVOKE BY ECLIPSE SENIOR LIVING
Status: In Progress, Spring 2022
Client & Operator: Eclipse Senior Living, Evoke Brand
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
Client & Operator: Eclipse Senior Living, Elmcroft Brand
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.
LAS VILLAS DE CARLSBAD | ELMCROFT
Memory Care Conversion
Client & Operator: Eclipse Senior Living, Elmcroft brand
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
Status: Grand Opening
Client & Sponsor: Trinity Private Equity
Operator: Liana Memory Care
Project takeover of ongoing development in Naples, FL
Development Project Management, operator engagement, construction project management.
Southeastern United States
Status: Completed 2020
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
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.
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.
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.
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.
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.
5335 Meadows Road, Suite 140, Lake Oswego, Oregon 97035