SNST Partners with Prescient in a huge new growth
Post# of 921
Posted On: 12/22/2016 5:26:29 PM
SNST Partners with Prescient
in a huge new growth indistry
http://www.sunsetcapitalassets.com/news/22-de...prescient/
Sunset Capital Assets Forms Strategic Partnership with Prescient Community Developers
SUNSET_logo_transpBG690X462
Jacksonville, 22 December 2016. Sunset Capital Assets, Inc. [OTC: SNST] has entered into an agreement to form a strategic partnership with Prescient Community Developers, LLC, a leader in faith-based senior housing.
Prescient was founded in February 2016 by Stephen R. Bolt, a successful entrepreneur with an extensive background in senior housing development and working with faith communities in the United States. Bolt’s experience and expertise led him to develop two distinct operating models: the “A” model, characterized by the turnkey development of a Prescient senior Community directly onto a mega church campus at no cost or liability to the church, and the “B” model, which involves developing a Prescient Senior Community on an attractive neutral site whereby area churches work in conjunction with Prescient to deliver the highest quality care and living experience for its residents and their families.
For the first time in US history, the fastest growing demographic group is 85+ years, followed by those aged 65-86. Every day over 10,000 Americans turn 65. Prescient expects this demographic shift will drive significant demand for Model A and Model B communities over the next decade.
Initial developments are to be located in central Florida in collaboration with a proven owner-operator, selected by Prescient in August 2016. This collaboration will identify attractive locations to build assisted living communities including specialized memory care facilities. Current discussions concern a master lease scenario for three proposed ventures intended to break ground in 2017, with at least twice that number expected in 2018.
The relationship with Sunset Capital Assets will provide most of Prescient’s capital needs. Prescient is also pursuing initial funding options with institutional sources for its first project which it is estimated will cost approximately ~$18 million. Similarly, Prescient intends to utilize the experience of Texas-based EMJ, a national general contractor specializing in “conception to completion”, as well as several other proven industry partners.
Prescient is also targeting two other regions in the United States to develop faith-based senior communities. The expectation is that Prescient will collaborate with at least three churches in the greater Nashville area and at least two in the greater Atlanta area in 2017 to develop its “A” model on mega-church campuses.
The partnership with Prescient aligns with Sunset Capital Assets’ vision of leveraging strategic partnerships with high-growth companies in expanding industries with management teams that share similar missions and values. Sunset and Prescient are committed to developing and nurturing their respective strengths and competencies towards a collaborative and profitable long-term relationship.
in a huge new growth indistry
http://www.sunsetcapitalassets.com/news/22-de...prescient/
Sunset Capital Assets Forms Strategic Partnership with Prescient Community Developers
SUNSET_logo_transpBG690X462
Jacksonville, 22 December 2016. Sunset Capital Assets, Inc. [OTC: SNST] has entered into an agreement to form a strategic partnership with Prescient Community Developers, LLC, a leader in faith-based senior housing.
Prescient was founded in February 2016 by Stephen R. Bolt, a successful entrepreneur with an extensive background in senior housing development and working with faith communities in the United States. Bolt’s experience and expertise led him to develop two distinct operating models: the “A” model, characterized by the turnkey development of a Prescient senior Community directly onto a mega church campus at no cost or liability to the church, and the “B” model, which involves developing a Prescient Senior Community on an attractive neutral site whereby area churches work in conjunction with Prescient to deliver the highest quality care and living experience for its residents and their families.
For the first time in US history, the fastest growing demographic group is 85+ years, followed by those aged 65-86. Every day over 10,000 Americans turn 65. Prescient expects this demographic shift will drive significant demand for Model A and Model B communities over the next decade.
Initial developments are to be located in central Florida in collaboration with a proven owner-operator, selected by Prescient in August 2016. This collaboration will identify attractive locations to build assisted living communities including specialized memory care facilities. Current discussions concern a master lease scenario for three proposed ventures intended to break ground in 2017, with at least twice that number expected in 2018.
The relationship with Sunset Capital Assets will provide most of Prescient’s capital needs. Prescient is also pursuing initial funding options with institutional sources for its first project which it is estimated will cost approximately ~$18 million. Similarly, Prescient intends to utilize the experience of Texas-based EMJ, a national general contractor specializing in “conception to completion”, as well as several other proven industry partners.
Prescient is also targeting two other regions in the United States to develop faith-based senior communities. The expectation is that Prescient will collaborate with at least three churches in the greater Nashville area and at least two in the greater Atlanta area in 2017 to develop its “A” model on mega-church campuses.
The partnership with Prescient aligns with Sunset Capital Assets’ vision of leveraging strategic partnerships with high-growth companies in expanding industries with management teams that share similar missions and values. Sunset and Prescient are committed to developing and nurturing their respective strengths and competencies towards a collaborative and profitable long-term relationship.
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