Before anything else, successful senior housing/healthcare owners put the healthcare needs of residents first and foremost, says Cambridge Realty Capital Companies Operations and Asset Manager Brent Holman-Gomez, a senior vice president with the firm.
Cambridge is one of the nation’s leading FHA-approved HUD lenders. The company’s principal investment strategy involves direct property acquisitions, sale leasebacks, conventional and mezzanine financing and the acquisition of distressed debt, he said.
“Operators of senior facilities have a lot on their minds, but it’s obvious what the first item of concern should be. A property cannot be successful for more than a short period of time if attention to the needs of residents is not the top priority.
“Only when a property has stabilized clinical operations that exceed regulatory requirements is success a likely possibility,” he believes.
Holman-Gomez says Cambridge has more than 12 years of experience in actively investing in senior housing and healthcare properties through its Cambridge Investment and Finance Co. subsidiary.
“Fortunately the government’s survey process provides regular signs and guidance to alert owners and operators of clinical and physical plan areas that are problematic. Once the government’s concerns in this area are met owners and operators can turn their attention to other needs that may need addressing,” he said.