Community Management & Development

Community Management

With dramatic increases in the demand for quality senior living communities comes the responsibility for seasoned assisted living and memory care operators to partner with stakeholders to meet this demand. The principals at Watercrest Senior Living Group are proven industry leaders and nationally recognized for their achievements in the development and operations of assisted living, memory care, independent living and skilled nursing. Prior to launching Watercrest Senior Living Group, their success in growing SERVANT Leaders sparked a culture change that resulted in the turnaround of several under-performing communities, an entire REIT portfolio, and a regional operating company.

The team’s focus on celebrating associates and their passions has transformed ideas into action improving the quality of senior living today. Realizing that expertise is only limited by the potential of people, Watercrest Senior Living Group attracts the industry’s top talent leading to exceptional results through expertise and training in:

  • Financial Operations
  • Community Business Planning
  • Sales Operations
  • IT Systems Integration
  • Marketing and Branding
  • Market Gap Strategies
  • Clinical Services
  • Quality Assurance
  • Memory Care Programming
  • Talent Management
  • Culinary Services
  • Life Enrichment Innovations

Our caring associates and key vendor partners are passionate about serving seniors and their families. Each bring to Watercrest Senior Living Group their unique abilities and act as trusted advisors as we continue to shape the future of the senior living industry. Working together we live our mission to welcome, to care, to serve each resident as if they were the only resident.

Watercrest Senior Living Group’s personalized customer service program, namely “With Pleasure”, digs deep into the importance of understanding the difference between choosing to serve and choosing to be a servant. Servanthood requires the humility to put all others first. It is not selective, rather the servant heart is vulnerable and available. At Watercrest Senior Living Group we look for those qualities and celebrate “why” we do what we do. Our associates embrace the significant role they play in the lives of our residents and their families and are empowered to make a difference. In short, the difference is our people.

development services

Equipped to offer a full complement of advisory services, Watercrest will expertly engage your interests with the necessary experience to ensure your facility or concept is transformed into a thriving senior living community. Our competencies include but are not limited to the following:

Acquisition Services:

  • Preliminary site evaluation
  • Market Feasibility Analysis
  • Competitive Analysis
  • Product Validation Study

Development Services:

  • Selection of architect, interior designer, engineer, GC, legal counsel and other professionals
  • Manage due diligence process (title, survey, environmental, geotechnical)
  • Negotiate LOI/purchase agreement
  • Collaborate with architect and interior designer on building design, apartment sizes, amenities, finishes, site plan
  • Introduce equity and debt sources
  • Comprehensive pro forma generation including development costs, pre-opening and detailed operating projections

Project Management:

  • Coordinate construction draw process
  • Full project job cost accounting and reporting
  • Monitor general contractor to ensure project stays on schedule and on budget