Agenda - Economic Development Authority - 12/06/2018

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• uiteLiving Suite Living Senior Care has 18 years of experience in developing and operating assisted living and memory care facilities. Our philosophy is to concentrate on smaller more efficiently staffed communities which accomplishes two things; a home -like atmosphere for residents and greater flexibility to manage our communities efficiently and profitably. Keeping operational decision making at the community level (within the management structure at the individual communities) allows for a quicker response time to subtle shifts in resident needs and staffing levels as compared to our competitors. The company development and corporate management structure allows for greater communication and flexibility in responding to market changes and opportunities. Several of the managerial staff have worked with larger, local senior communities giving Suite Living Senior Care the industry knowledge and experience to successfully startup and operate our communities profitably. Today's aging population continues to grow at an ever -rapid pace. The need for housing with acute care services is greater today with a very promising outlook in the next 30 years. We believe that the markets we focus on are under -served due to the lack of more acute senior housing options. Our residents are elderly individuals in need of more care than that typically provided in the more traditional assisted living setting. Our model, which is commonly called "assisted living", offers significant advantages versus more institutional settings like a nursing home. First, the residents enjoy a higher quality of life through a more home -like atmosphere with active peers they can relate to on a daily basis creating their very own small community. Next, our residential system is more cost effective and finally, residents receive significantly more attention due to the smaller building size and staffing structure. The small, simple layout of the main common areas and private rooms allow staff to supervise, monitor and respond to the needs of the residents in a timely manner. Our structure of wide hallways, wide doorways, tall ceilings and all resident rooms within a close, visible distance for the dining and activity area sets our living spaces apart and greatly benefits the "quality of life" to residents. Management and nursing offices are on the same floor as resident rooms so constant supervision and observation by nursing and management allows for continuous face-to-face support and guidance to be very involved in the everyday routines of the residents and staff. Elderly individuals and their families are often unhappy with existing living and personal care options, especially in smaller communities and are actively searching for new alternatives. Due to Suite Living Senior Care's experienced operations and infrastructure, we are in a unique position to provide cares that are needed by the elderly populations of our communities in Minnesota. Prime Locations is a priority for Suite Living Senior Care. Placing facilities on sites with high visibility and high traffic counts generates high traffic, and drive -by advertising accounts for about 80% of leads, minimizing advertising costs.