Carewest Properties specializes in assisting investors in the acquisition and disposition of all seniors related projects & properties. We have developed and maintain relationships within the industry which help us ensure that our clients achieve their real estate objectives.
Here’s why investors and owner/operators choose to work with Carewest:
Carewest was established in 1992 when Robin Hill recognized the client’s need for a higher level of expertise in this niche industry. Due to an increase in the demand for new seniors’ housing development sites, Carewest has responded by adding a land aquisition focus to the company.
Collectively, the partners & staff of Carewest have over 50 years of experience in this specialized field. This experience contributes to developing stronger relationships with our clients.
The partners at Carewest have been involved in over $500M of value in Seniors Care & Residences. Our performance record is unmatched in Western Canada.
Carewest has experience in brokering all types of seniors housing, including Seniors Apartments, Retirement residences, Campuses of Care and Complex Care as well as not for profit Seniors Properties; as well as specialized care such as dementia/memory, mental health & other forms of supportive living for adults and seniors. We have also been very active in identifying and securing sites for new development; and Carewest has also acquired an expertise in locating and negotiating sites for future government-funded projects.
Carewest is ideally positioned, having been involved with seniors’ housing projects ranging from $1 Million to $250+ Million. This includes smaller residences and medium to larger privately owned and publicly held properties. As such, we deal with many of the Institutional Investors that rightly enjoy this asset class.
Essential to providing our clients with good business advice is the understanding of the market’s interpretation of value for each of the various seniors housing product types. The market is constantly changing. Yields have altered significantly over the past decade as have government policy and involvement. Carewest is able to assist in each step in the process, valuation, due diligence, and licensing approval.
Over the years, Carewest has built up a significant database of contacts including owners, buyers, financial institutions, appraisers, architects, developers, consultants, government officials and a variety of influential industry contacts. Our information exchange with these groups is invaluable, and enables us to convey current market information to our clientele.
This is a critical aspect of valuation for our clients. Our years of experience have allowed us to completely understand the business of Complex Care, Assisted Living and Independent Living Services.
Being involved in a government funded care or supportive living transaction requires a working relationship with the officials within the Health Regions and the Licensing Authorities. Government approvals are required for these transactions and understanding what is necessary to effect a successful transition is vital. We are able to assist buyers in achieving both a successful license status and approval of provider agreements.
At Carewest we understand the need for complete confidentiality respecting the sensitivity towards residents, staff and health authorities.
Carewest is proud to be active members of all the influential organizations in our industry – B.C. Seniors Living Association (BCSLA), BC Care Providers Association (BCCPA), British Columbia Retirement Communities Association (BCRCA), and British Columbia Non Profit Housing Association (BCNPHA). These organizations have influence in guiding policy and maintaining a “leading edge” position within our industry. Our attendance at these various conferences ensures an ongoing opportunity to build our network.