PRIVATE EQUITY FUND

A WINNING COMBINATION:


REAL ESTATE INVESTMENT + DEVELOPMENT EXPERTISE


Unlike most private equity funds, we are investors and developers—who can oversee each project. From identifying potential sites, to qualifying demographics, to working with municipalities on rezoning issues, our leadership team has deep experience and extensive contacts. This powerful combination ensures efficiency, low risk and high rates of return.
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Development

With over 30 years of experience in real estate development, our team has developed ground up projects for more than 100 residential, multifamily, office, and retail space properties.
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Operations

Our executive team has 17 years’ experience in senior housing operations. We understand that caring for our residents starts with successful management. That is why our communities are staffed with professionals that encompass our values, creating a warm environment for our residents to enjoy.
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Project Funding

Over the last three decades, we have been providing real estate investment opportunities for our partners. Today, we continue to yield high returns as we focus on Senior Housing to meet our high IRR standards.

"A multi-faceted real estate company bringing together the right people and opportunities to build a family of private equity funds driven by an entrepreneurial spirit and delivering value to our stakeholders, vibrancy to our communities, and quality to our customers."- Omni Vision

The Aging of the Senior Housing Inventory


There is still a lot of old inventory in the marketplace, which generally has higher vacancies, pulling down overall average market occupancy levels. New projects are significantly outpacing the overall national occupancy level based on our research on micro markets. According to Senior Housing News, 58% of the entire national senior living stock is more than 17 years old, with 32% older than 25 years. Graph 6 shows these statistics broken down by specific property type.

The Silver Tsunami


The wave of about 10,000 individuals turning 65 every day is projected to continue until 2029, creating an estimated demand for 2 million additional senior housing units. Approximately 103 million Americans are over age 50, with 75 million in the 50–69 range and 28 million 70 and over. Ohio’s 65+ population is slightly above the national average, and Northeast Ohio, in particular, is expected to experience significant senior growth over the next 10 years. Individuals aged 60 and over made up 24.4% of Northeast Ohio’s population in 2015 (a sizable increase from 2010), and by 2030 the group’s population share is projected to reach 31.9%.

Annualized Total Returns By Property Type


Because the senior living sector is not strongly linked to economic conditions, it has fared well even in times as difficult as the Great Recession. Historical data reflects that the senior living sector is a very “recession-resilient” asset class. In fact, over the last 10 years the senior housing market has outperformed all other commercial real estate asset classes and consistently offered the highest returns to investors.
*Taken from NCREIF

Our Timeline


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Year 1

Initial investment that
funds construction.
Year 2

Leasing of facility.
Goal of 90% occupancy.
Years 3–5

Point of stabilization,
leading to dependable
rate of return.
Years 5–6

Exit window with option
to renew in future funds.

Our Timeline


year1.gif
Year 1

Initial investment that
funds construction.
year-2.gif
Year 2

Leasing of facility.
Goal of 90% occupancy.
year-3-5.gif
Years 3–5

Point of stabilization,
leading to dependable
rate of return.
year-5.gif
Years 5–6

Exit window with option
to renew in future funds.

MONTHS 1-18


Construction. This stage covers the closing of financing until the community is ready to open its doors for business. Omni’s typical construction time frame is 14 to 18 months.

MONTHS 14–36


Absorption. After a certificate of occupancy is issued, the time needed to complete the leasing ramp-up for a new community is typically 18 to 24 months. The industry standard for stabilized occupancy is about 92%. Often, new communities will exceed that level.

MONTHS 24–48


Financial Stabilization. The financial industry evaluates a company's previous 12 months of financial operations when determining the value of the company. Therefore, once a new senior housing community reaches stabilized occupancy, it needs to operate at that occupancy for 12 months to receive a stabilized valuation. The timing of this period is all dependent on how quickly construction and lease-up can occur.

MONTHS 42–54


Refinance/Sale. Once a new senior living facility reaches financial stabilization, the timing is ideal for the owners to secure permanent financing or sell the facility. This process takes approximately 6 months to complete, but in some instances it can take longer. The date of sale relies on how quickly the property stabilizes.

Questions? Call us 216.514.1950.