YOUR PARTNER IN EXCELLENCE

ETROS specializes in under performing senior living communities across the nation. The niche focus allows targeted revenue growth and labor efficiencies leading to a consistently stronger NOI.

ASSET MANAGEMENT

ETROS is a firm with a niche focus on independent living, assisted living, memory care, CCRC and SNF assets. Typical clients include REITs, PEs, and real estate related operators with assets below 85% occupancy and margins below 30%.

A partnership between an investor and ETROS provides a new management strategy without the disruption of changing operators.

ETROS averages increases of 100% to bottom-line cash flow within first 12-months.  Increase in cash flow is typically seen within the first 90-days.

ETROS will obtain better results quarter-over-quarter and year-over-year. Agreements come with a no-fault 45-day opt-out to ensure client satisfaction.

HOW IT WORKS

ETROS is hired by an investor to manage their under performing senior housing or skilled nursing asset. ETROS becomes the asset manager defining the strategy, direction, and goals of the communities under management. There are no changes to the operations company, branding or employees. 

Third Party Management for Operators

ETROS serves as the Asset Manager focused on turnaround strategy. The operator can realign their regional corporate team to other problem areas, while ETROS provides daily oversight with adherence to the operator’s brand and policies.

Third Party Management - Fees

Depending on the agreement, ETROS receives either a flat fee or a small percentage of collected revenue paid by investor or from asset operating company.

Third Party Management - Chart

This is typically a short-term agreement lasting 2 years to stabilization. Stabilization is defined as 95%+ occupancy for 6 consecutive months.

SERVICES BREAKDOWN

Revenue Management

REVENUE MANAGEMENT

  • Private Pay Revenue Growth
  • Medicare Maximization
  • New Revenue Streams
  • Weekly Census Updates

ACCOUNTING & FINANCE

  • Resident Billing & Collections
  • Vendor Relations & Bill Pay
  • Monthly Financial Packets
  • CPA Tax Planning
New Development

NEW DEVELOPMENT

  • Zoning and Compliance
  • Project Management
  • Blue Sky Marketing – Lease-Up
People Management

PEOPLE MANAGEMENT

  • Recruitment and Engagement
  • Operations and Wellness
  • Federal and State Compliance (ACA, EEOC, OSHA, UI, etc.)