Acquisition Criteria – Existing Senior Living Properties

Geographic Locations*: California, Arizona, Nevada, Oregon, Washington, Colorado, Utah & Texas

Area Demographics: Middle to upper middle class neighborhoods with high concentrations of seniors and adult children (Age 45 -64) current and positive forward trend

Service Offering: Stand alone or combination of IL, AL and Memory Care in a campus setting

Unit Capacity: 75 units or greater

Property Status:

• Stabilized properties with opportunity for upside as well as distressed or management challenged properties
• Class “A” or “B” properties built after 1985
• No tax credit or low-income property
• No skilled nursing care

*For a portfolio, we will consider acquisition opportunities outside of the areas noted above.

Development Site Criteria

Geographic Locations: California, Arizona, Nevada, Oregon, Washington, Colorado, Utah & Texas

Area Demographics: Middle to upper middle class neighborhoods with high concentrations of seniors and adult children ( Age 45 -64) current and positive forward trend

Site Size: 3 – 10 acres

Site Zoning: Multi-family preferred

Surrounding Use:

• Retail and other services within 2 miles
• Hospitals and major medical facilities within 5 miles
• Close to upper middle class residential with parks and open space