CASE STUDY PARTNERED RIGHT ® Federation CCRC Operations Corp. d/b/a Toby and Leon Cooperman Sinai Residences of Boca Raton (“Sinai Residences”) is an existing life plan community which consists of approximately 234 independent living units, 48 assisted living units, 24 memory-support units, 60 skilled nursing beds and related common amenities. Sinai Residences is located in Boca Raton, Florida in South Palm Beach County. Sinai Residences opened in January 2016 and achieved stabilized occupancy of its independent living units in just nine months’ time, of its skilled nursing units in 11 months, of its assisted living units in 10 months and of its memory care units in six months. All entrance fee debt associated with the initial development of Sinai Residences was repaid

Join for free to read