Case Study

Gull Creek

Rental IL, AL and Memory Care | Berlin, Maryland

In October 2014, Solvere Senior Living was engaged to manage this Eastern Shore community which was purchased out of bankruptcy. We rebranded and developed a capital budget to increase the number of assisted living and memory care units, as well as to enhance the resident experience. With the addition of 52 licensed beds current occupancy is over 86% as compared to 81% when Solvere took over management and is projected to be at 95% occupancy by 4th quarter 2017. FY2016 net income has increased 90% over 2015 and has quadrupled since we have been managing the community.

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