Formation Development Group is actively pursuing the acquisition of existing senior living communities. We will consider the purchase of independent living, assisted living and Alzheimer's care communities. FDG has had success stepping into projects that have run into financial or operational challenges. Our experience in development, finance, marketing and operations makes us well-suited to execute the renovation and repositioning necessary to bring new life to older buildings.
We are only interested in acquisitions in major metro areas. We are not considering smaller markets or resort destinations. We focus on established, close-in suburban submarkets, as opposed to areas further from the city. We are interested in projects of a certain size, and generally will not pursue fewer than 70 units or more than 200 units. We do not acquire memory care-only assets; we only pursue memory care when it is part of an assisted living community. We are looking for high quality locations in affluent submarkets. We look for buildings with "good bones" that can benefit from a renovation and new strategy.
FDG is also looking for opportunities where we can step into a new development project that has stalled for some reason such as lack of financing or partnership disagreement. We can bring capital and a fresh set of eyes to these projects, take over the development, and help the original developer get out of the deal. Our size and location criteria are the same as for acquisitions above.
We appreciate your assistance in making us aware of quality acquisition opportunities.
Information may be sent via email or regular mail. Email is preferred. See email address below. Please let us know if you are the owner, broker or other party. We will execute confidentiality and non-disclosure agreements as required.
Please submit info to:
Formation Development Group, LLC
10 Roswell Street, Suite 130
Alpharetta, Georgia 30009