When combined with conceptual architectural drawings and a marketing plan, JMAI’s Development Planning Services form a Development Plan, providing a detailed road map for the complex development process. This comprehensive document is suitable for use in obtaining board approval and introducing your project to local and state agencies, financing sources, and other interested parties. Our Development Planning Services include:
Market Research (this information
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Operational and Architectural Program
Financial Feasibility Analysis
Risk Analysis
Development Schedule
Operational and Architectural Program
For new communities or expansions to existing communities, the Operational and Architectural Program helps translate your ideas from vision to paper, providing a detailed guideline for architects, building contractors, and financial feasibility consultants. Using the Market Study as a base, JMAI combines our extensive experience with the input of your staff and development team to create a document that includes:
- your vision for the community
- your mission
- special themes and features
- detailed description of all physical spaces, including living units, common spaces, and outdoor amenities
- operational programming planned for each of these spaces
- recommended square footage for all areas
Financial Feasibility Analysis
Financial Feasibility Analysis helps you determine whether your planned development, expansion, or acquisition makes financial sense for your organization, and provides recommendations for financing sources. For rental retirement and assisted living communities, JMAI can provide a complete range of financial feasibility services. For fee-for-service CCRCs, lifecare CCRCs, and nursing homes, JMAI works with several national accounting firms to provide this information. Because of our familiarity with the various financing mechanisms available and our close working relationships with investment banking firms and mortgage bankers specializing in the financing of CCRCs, retirement, and assisted living communities, JMAI can help guide your organization to the right financial decisions.
Before beginning any new project, it’s important to know not only the benefits but also the risks involved. JMAI’s Risk Analysis identifies which local and state approvals will be required, provides a detailed explanation of each, and assesses the likelihood of approval, delay, or complications. In addition, we analyze other risk factors related to the market, construction, and financing of the project. Our report also provides, on disk, a month-by-month seed capital budget that can be compared to actual costs throughout the development process.
In order to ensure a smooth, timely development process, JMAI utilizes PROJECT ™ software to create a detailed development schedule—both in matrix and Pert Chart form—that can be supplemented and updated as development progresses. JMAI’s Development Schedule helps limit capital expenditure and manage risk, particularly during the early, higher-risk months of project development.