zumBrunnen’s Building Expertise & Fast Turnaround on Property Condition Assessment Keeps Important Real Estate Purchase on Track

“We had a very tight timeline to review an extensive property, and we had to make sure nothing would derail the deal. zumBrunnen’s Project Manager, Rob Milam, worked under a very tight deadline, prioritized everything, answered questions and provided us with a high-value service.”

Rosemary Jordan, VP Business Development and Strategy, EldeECAr Care Alliance

Challenges – Elder Care Alliance (ECA), a CA-based nonprofit with a 100+ year history of serving and enriching the lives of older adults, wanted to expand their communities and purchase The Villa at San Mateo. The signature senior community features 135 apartments on a 4.5-acre site. As a nonprofit, ECA was competing against for-profit organizations and was a long shot to win the coveted property. However, with creative financing solutions and a commitment to close within an incredibly tight 45-day window, ECA was selected as the buyer.

Solutions – With no time to spare, ECA needed to immediately and thoroughly evaluate the large property. “A member of our real estate team recommended zumBrunnen conduct the property condition assessment,” said Rosemary Jordan, VP Business Development and Strategy for ECA. “Our Project Manager, Rob Milam, brought great value with his attention to detail, thoroughness of reviewing the property and sticking to our aggressive timeline. He was qualified, reliable and an expert resource. zumBrunnen’s reports were easy to read, well edited and made it easy for our team to review critical information.”

With the successful purchase of The Villa at San Mateo, ECA was able to expand their mission and now serves upwards of 660 residents on five campuses throughout California.

zumBrunnen’s Services:

  • Property Condition Assessment
  • 10-Year Capital Reserve Budget

Client Overview:

Elder Care Alliance (ECA) is a CA-based nonprofit proudly serving seniors and their families throughout California for over 100 years. Operating from both the mind and the heart, ECA’s mission is to serve and enrich the holistic wellness of older adults through education, innovation and a network of professionals. Their communities offer a variety of services, including assisted living, memory care, skilled nursing and independent living. ECA offers a network of five communities with their latest addition being The Villa at San Mateo.

Other Key Players:

  • Rockwood Pacific, Real Estate Consultant
  • CBRE, Fannie Mae Program Lender
  • HJ Sims, Financial Advisor
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