Development Advisory Services

Clients of Acadia Senior Living will benefit from Mr. Bertrand’s ground-up development experience, as well. Mr. Bertrand can provide the specialized guidance and expertise needed throughout the lifecycle of our clients’ senior housing ground-up development projects, from market / feasibility analysis all the way through the opening of the community.

Mr. Bertrand has also been involved in the successful development of three memory care communities located throughout the Southeast U.S. His experience includes not only the pre-development stage of construction, but involvement through the construction process itself, concluding with obtaining Certificate of Occupancy and Licensure.

Although Mr. Bertrand’s prior experience has been focused on senior living development opportunities in affluent suburban markets across the Southeast U.S., it is acknowledged that those opportunities are more difficult to find given the amount of new construction in recent years. Thus, developments in secondary or tertiary markets are being increasingly considered.

Mr. Bertrand’s ability to appropriately analyze local markets and evaluate potential competitors, both existing and proposed, has been important to the success of the communities he has helped to develop thus far.

Development advisory services provided are summarized as follows —

Input on concept and design
Site analysis
Market analysis
Negotiation and review of real estate contracts
Cost and pro-forma analysis
Review of contractor’s bids
Assisting in entitlement / permitting
Review of contracts submitted by potential management companies/operators
Oversight of construction process through completion of construction of the community

Ground-Up Development Success Stories

The Pearl at Jamestown is a 48-unit/50-bed, 33,100 square foot, stand-alone memory care community located at 14443 Perkins Road in Baton Rouge, Louisiana. The community is on a 2.81-acre site with the unit mix consisting of 46 private suites and two companion suites. The Southern Acadian style building was designed to complement local architecture in the Baton Rouge area. The community is in the southeast portion of Baton Rouge, a city that is roughly 75 miles northwest of New Orleans. The local neighborhood is an affluent suburban community with one of the highest median incomes in all of metro Baton Rouge. The community was completed in December 2016, filled to stabilized occupancy in less than one year, and was subsequently sold to a REIT.

Acadia Senior Living - Pearl at Jamestown

The Pearl at Five Forks is 48-unit/50-bed, 33,157 square foot, stand-alone memory care community located at 15 Five Forks Road in Simpsonville, South Carolina, a suburb of Greenville. The community is on a 3.53-acre site with the unit mix consisting of 46 private suites and two companion suites. The building was designed to complement local architecture in the immediate area of Simpsonville, and is about 1½ miles east of I-385 and about 3½ miles south of I-85 in a growing and affluent area of Greenville County. The community was completed in 2017 and was undergoing a successful fill-up when it was sold to a REIT.

The Pearl at Watkins Centre is a 48-unit/50-bed, 33,145 square foot, stand-alone memory care community that is located at 650 Watkins Centre Parkway in Midlothian, Virginia, a suburb of Richmond. The community is on a 4.29-acre site with the unit mix consisting of 46 private suites and two companion suites. The building was designed to complement local architecture in the immediate area of Midlothian, and is about 15 miles west of downtown Richmond in a growing and affluent part of the metro area. The community was completed in September 2018.