Capstone Real Estate Partners
Wilmette, IL 60091
ph: 312.909.0204
Cerulean Partners
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Cerulean Partners, formed in the summer of 2011, acquires underperforming independent living, assisted living and memory care communities in select, targeted markets. We have the expertise to manage the acquisition process and to create joint ventures with operators who specialize in the lease-up and stabilization of senior living assets. Cerulean's principals, Kerry Haskins and Richard Shamberg, have over 70 years of combined experience in the commercial real estate and senior housing business. Over the last ten years, they have developed a system to capture value from acquisitions of underperforming and distressed senior living assets.
We recognize the importance of working with a seasoned operator, whose expertise is critical to the process of creating value. Our partnerships with seasoned operators, as well as both institutional and entrepreneurial sources of capital, have resulted in some dramatic turnarounds. We have transformed properties in dire need of capital investment into places that seniors can be proud to call home.
Cerulean’s principals' experience in both commercial real estate and senior housing development, acquisition and finance, combined with third-party operating expertise; provide an ideal team that understands the compelling nature and challenge of the senior demographic. Opportunities are abundant yet challenging. The ability to identify properties in the right location with strong demographics, attract capital, make necessary improvements, enhance services, offer competitive pricing, and provide appropriate and aggressive sales and marketing solutions to solve occupancy problems, are all necessary to accelerate stabilization timelines and maximize value.
Capstone Real Estate Partners
Wilmette, IL 60091
ph: 312.909.0204