Northbridge was engaged to evaluate the financial and operational standing of four assisted living and memory care communities located in the mid-Atlantic region. These assets had faced a decline in occupancy rates during the pandemic, elevating concern with the private equity ownership regarding the operator’s capacity to execute a turnaround.
Read MoreA private equity firm engaged NAS to partner alongside one of its national operators to drive the sales and marketing turnaround of five assets in the Midwest and Southwest, which were collectively stagnant at an average occupancy in the high 60% range.
Read MoreA two-community portfolio situated in the Midwest encountered a setback during its third year of development, coupled with an unusually elevated level of resident dissatisfaction. The REIT that owned these assets reached out to NAS with a request to conduct our proprietary audit. Beyond the audit the engagement also included an evaluation of the competitors through site visits and assessments.
Read MoreNorthbridge was engaged as co-manager of a year-old all-dementia assisted living community in northern New England.
Read MoreThis two-community Maine portfolio presented unique challenges, as they required a great deal of deferred capital improvements, and both were acquired during the pandemic which prevented move-ins from occurring.
Read MoreNorthbridge was engaged by a Northeast not-for-profit to advise the board and operations team for a multi-year program to move the assisted living and skilled nursing in a +100-year-old building to a new facility nearby.
Read More