Case Study

Cedar Grove

Assisted Living | Parkersburg, West Virginia

Solvere Senior Living was engaged in April 2015 to manage this community in historic Parkersburg by the same fund that owns Gull Creek. We invested in new talent, including a new general manager, sales director and clinical director, and rebranded and redesigned all collateral materials. Net income ran at over $60k per month in 2016 versus a loss in 2015 and the community has been between 99%-100% occupancy for 9 months in 2017. Total NOI for 2017 exceeded $700k and is on track to grow another 10% in 2018.

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