KMP has a nine-year track record of managing pension fund capital
and has earned superior risk-adjusted returns for its investors
in multi-family housing. The principals of Formation Capital enjoy a track
record of excellent returns on their direct investments
in senior housing projects.
While the fund will engage the top operators in the industry,
KMF principals have significant operating experience in senior
housing, which provides a competitive advantage in selecting
operators. They have developed significant personal relationships
with most of the top companies in the senior housing arena,
being aware of those firms that deliver on their commitments.
KMF principals have demonstrated the ability to formulate
well-defined strategies targeted to narrow market segments
with consistent execution. KMP's ability to find under-valued
apartments is well documented. Formation Capital was the first
industry advisor to publicly predict the continuing decline
in nursing home occupancy rates; to develop specific strategic
planning guidelines for senior housing and care companies;
and to recognize and capitalize on the investment potential
of local active adult communities.
KMF principals believe that a committed, "research-based"
company will ultimately outperform its peers. KMF combines
both internal and external research protocols for competitive
advantage.
Our macro research on 60 national
markets is provided through our alliance with Property and
Portfolio Research (PPR). The PPR team, founded by Susan Hudson-Wilson,
is second to none as a consistent forecaster of market dynamics.
KMF principals direct an extensive staff
located in three offices throughout the United States. KMF is among the largest
investors of senior assets in the country, with a current portfolio
of approximately $1 billion in assets, including 20,000 units.
For the last two decades, the Principals
of KMF Senior Housing Investors, LLC have been involved in
senior housing activities in over 220 markets.
KMF principals have proven expertise in all phases of property
life cycles including financing, developing, stabilized acquisition,
renovation/expansion, and condominium conversions. This enables
us to gain a wider perspective on creating and maximizing
the value of our assets, which strengthens our competitive
advantage in the acquisition and disposition of our investments.
Our in-house development expertise gives us special insight
into the comparative cost/benefits of renovation/expansion
to new construction.
KMF principals are experienced in the operations of both suburban,
garden and mid-rise properties as well as urban high-rise
properties. This enables us to evaluate potential investment
opportunities in all markets across the country.
Our flat, highly networked organization can originate, analyze
and effectuate decisions rapidly. This unique capability provides
a competitive advantage to our clients in the acquisition
of assets in a competitive market.
KMF principals have been technology leaders in all phases
of business operations. New innovations include internet teleconferencing
enabling immediate and effective communication between corporate,
regional and field offices, digital real time transfer of
information including income, expenses, leasing status, maintenance
and other critical factors. "Client only" web access
to proprietary property, market and financial information
provides timely, accurate and secure client communications.
Our fiduciary responsibility is paramount in all our asset
management and investment decisions. Phil Van Syckle, a former
public retirement plan real estate administrator, provides
valuable insight into the challenges and constraints of public
investment plans. In our fiduciary capacity, we focus on increasing
returns and reducing risk to our investors.
KMF aligns its interests with its investors. Our experience
as an owner and investor in other comparable assets provides
us with the expertise to maximize investment decisions.
KMF principals bring together a broad array of senior housing
expertise that ranges from property management in the field
to portfolio management at the investor level. We have the
experience needed to understand operations on the micro level,
to guide operators and contribute to on-site solutions while
providing macro industry-wide perspective to our clients.
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