The principals of First Care Management Group (FCMG) have a diverse collection of experiences in both ownership and management within the senior housing industry.

FCMG recognizes the difference in perspective between ownership and management. As owners, we held high but reasonable expectations of our management companies. Simply stated, we demanded financial performance tied to our predetermined investment objectives. To assist this effort, we desired excellent communication, timely and accurate financial data, and summarized monthly reports from each property.

We found no shortage of property management companies who agreed with these principles, but remarkably none that were able to carry out the mission. Accordingly, we have learned the hard way about prolonged operating losses and excessive capital calls to fund those losses. We lived through periods of poor communication and even no communication! We know how helpless ownership can feel. Ultimately, in 1996 we set out to create a management company worthy of our own high standards. We utilize "census-based" budgeting and manage for net operating income stability versus maintaining occupancy at any cost. To us, this is simply fiscal responsibility that maximizes property value.

First Care Management Group is well versed in asset management. Having experienced ownership, we understand what it takes to make a senior housing investment successful. For us, that success begins with understanding the investor’s expectations and then collaborating to create the corresponding acquisition criteria to meet those expectations. Our reputation and contacts gives us a decided edge in locating potential acquisitions that meet an investor’s criteria. We have successfully worked with capital partners of all sizes to design and implement acquisition strategies. Once a property is acquired, we create a comprehensive plan designed to maximize value. First Care Management Group provides asset management services that encompass:

• Acquisition strategy and investment criteria development
• Due diligence and valuation analyses
• Disposition analyses
• On-site property management oversight
• Operating budget development oversight
• Capital budget development oversight