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At Index International we pride ourselves in looking for sound business projects that create and bring added value of life. We want our projects to not just meet our financial targets, but also provide something else. We think of ourselves as being in the ?value creation? business where we enhance the value of the environments around us. From our initial meeting with Watercrest to the closing of our $500 million joint venture agreement, we saw great synergy in our collective vision and desire to create a new generation of senior living communities.
“When Index decided to invest in senior housing, we met with numerous operators and Watercrest stood above the rest. Their operating culture resonated with us, as did the depth of their relationships with bankers, architects, and other key professionals.”
Mr. Abboud has been President and Chief Executive Officer of A. Robert Abboud and Company, a private investment company, since 1984, and has had a 46-year career in oil and gas, banking and foreign affairs. He was previously President and Chief Operating Officer of Occidental Petroleum Corporation, Chairman and Chief Executive Officer of First Chicago Corporation and The First National Bank of Chicago, Chairman and Chief Executive Officer of First City Bancorporation of Texas, Chairman of ACB International, Ltd., a joint venture that included the Bank of China and a subsidiary of the Chinese Ministry of Foreign Relations and Trade.
Mr. Abboud along with Ms.Yaqun Liu and Mr. Ted Wagner formed a new company, ARACO Ventures to team up with Watercrest to develop high quality senior living facilities.
“I am so pleased to be partnering with Watercrest on our EB5 projects in senior living. Our team met Marc and Joanie in Shanghai back in 2013 and we have put together an outstanding program to bring together high quality, shovel ready projects with qualified investors. Watercrest brings the development, operational and marketing expertise to our partnership ensuring our projects will be highly successful”
United Properties develops and invests in commercial real estate, creating award-winning projects that create special places in our communities in Minnesota, Wisconsin, Illinois, Colorado, and Florida. Our 100-year history is marked by decades of visionary leadership and an unwavering entrepreneurial spirit, which brings an unparalleled track record of success and breadth of experience to every project. In Senior Housing, our primary objective is to create extraordinary communities where seniors can thrive and age with dignity. When entering the Florida market, our goal was to partner with a ?”Best of Class”? operator. After careful consideration, it was clear that Watercrest was a great cultural fit with many shared values and principles.
“After meeting with Marc and Joanie, I was not only impressed with their business acumen, operating platform, and strategic growth plan, but most importantly, their passion for serving seniors and their associates.”
LifeBuilt Architecture is a design firm specializing in senior housing with over twenty-five years of experience in multifamily, retail, office and renovations. We provide an atmosphere of collaboration that benefits communities and the end users to our designs. Our experience has shown that great architecture is not just a production, but rather an evolution of ideas that grow from the base of all team members. LifeBuilt’s process brings the full spectrum of the designer, contractor, developer, user and engineer together to provide an honest approach to maximize the project budget, design and schedule in a manner that builds the foundation to what is called LifeBuilt Architecture.
LifeBuilt’s unique approach and experience results in not just the production of designs and construction, but strong relationships. Our process strengthens the bonds with our clients and our team members to provide a culture of trust that all relationships are built upon. These relationships are then leveraged to maximize both the experience of the design and process of its physical construction.
“I’m honored to be a part of the Watercrest team. From the beginning, Watercrest has shown a culture of trust, experience and expertise that exemplify their philosophy. I appreciate the working relationship and look forward to being a part of the creative vision for future properties!”
Driven by innovation and a desire to enhance life experiences, Penn-Florida Companies is a real estate development firm that is changing the way people experience commercial, residential, and hospitality properties. For more than 30 years, Penn-Florida’s track record throughout Florida has been outstanding. The firm’s rapidly expanding portfolio includes the ownership and management of millions of square feet of assets, with new development plans adding to that figure daily. Known for diligence and exacting attention to detail, Penn-Florida has earned a reputation for continually meeting or exceeding performance goals for investors, residents, and the greater surrounding communities for each of their projects.
Walker & Company, Inc., a diverse Commercial General Contractor and Construction Manager, has been constructing buildings of exceptional quality in all segments of the Central Florida market since 1974. We have successfully completed over 30,000 multifamily units including more than 4,000 beds and units of Senior Housing including Independent and Assisted Living facilities and Skilled Nursing and Memory Care.
“We are grateful to have been a part of the Watercrest team since the first project. When Marc and Joanie shared with us their passion for delivering quality projects with a high level of care for Seniors in Florida we embraced their vision and haven’t looked back. Our firms shared values and integrity in building relationships and in building great communities together is a true collaboration.”
MBV Engineering, Inc. has served the State of Florida for over 30 years providing civil, structural, and environmental engineering services. Over the last 5 years, our firm has expanded to provide services within the southeastern US adding Georgia, South Carolina, and North Carolina. Our firm prides itself on our long standing reputation for the ability to complete high quality projects on time and within budget. We attribute this to our firm’s commitment to our clients and our team’s ability to quickly adapt to meet project milestones and budget requirements.
“MBV Engineering is honored to be accepted into the Watercrest family and continues to be very impressed with the level of excellence and servant leadership provided by all of its development team members. Having provided nearly 35 years of engineering services for the development industry, we consider Watercrest to be one of the most prestigious, honorable and unifying companies we have had the pleasure of working with. We look forward to our continued partnership with Watercrest and being part of a family whose mission is to welcome, to care and to serve.”
Dwell is methodically unconventional: designing clever spaces that aren’t outlandish or lacking purpose. We’re notoriously accurate: producing some of the cleanest documents this side of the Planet. And we’re solid people: easy to work with, fun to be around and void of pretension.
Sound different? Just wait until you work with us.
At Dwell, we like to think big and small—producing high-minded concepts without losing sight of the details. Our default isn’t to look at previous projects for quick and dirty drawings. On the contrary, we know how to balance creativity with tight timelines and budgets. From senior living communities, mixed-use and multi-family to hospitality, we look way beyond basic garden style buildings to give you designs that offer people a reason to stay—and come back for more.
“We are excited to be partnering with Watercrest. Their depth of knowledge, operating culture, and senior management team have been incredible to work with. Marc and Joanie’s passion for serving seniors and their associates circulates throughout their entire development team. Watercrest’s expertise and high quality design helps us to create a precise set of documents and details that their construction team demands. Their team learns and innovates on every new project as they continue being the leading developers and managers in the senior living industry.”
Founded in 1981 and reimagined in 2012, Interior Design Associates, Inc. (“IDA”) is nationally recognized as a powerhouse in senior living interior design. With over 150 senior-centric projects under our belts, we understand that good senior living is really just good living… spaces that are not just beautiful and functional, but that enrich lives by inviting curiosity and conversation. Though we are based in downtown Nashville, TN, our projects span across the US. We have the ability to capture a local vibe such that residents are often surprised to learn that we aren’t their neighbors. At IDA, we take pride in designing and fully implementing spaces that provide functionality and longevity while remaining warm, elegant, and inviting.
IDA is blessed to have been part of Watercrest’s story from the very beginning. We partnered with Marc, Joanie, and the rest of the team on their flagship project in Orlando, Florida and on every Watercrest project since. Working with Watercrest is rewarding on so many levels; I find that Watercrest and IDA share a set of values that has cemented a very symbiotic relationship between our two companies over the years. Integrity, quality, ingenuity, and a strong sense of service are the ties that bind us, and extraordinary communities are our legacy.
Watercrest Senior Living Group chose Yardi Voyager because we needed a comprehensive solution with accounting, billing, clinical assessments, care management, and marketing features built into a single, business-wide platform. Because Watercrest’s Yardi Voyager system is hosted and managed by Yardi Cloud Services, we can focus on growing our business and not have to worry
about setting up and maintaining the database infrastructure.
“We strongly value our relationship with Watercrest as they go beyond being a client and fully engage in the development process with Yardi,” says Eric Kolber, Vice President of Yardi’s Senior Housing division.“Watercrest’s input during software development is truly valuable and benefits all of our Senior Housing clients.”
Crandall Corporate Dietitians’ commitment is to deliver unsurpassed service with loyalty and integrity as our cornerstones. As the nation’s largest dietary consulting firm, we strive to continually exceed our customers’ expectations by providing comprehensive leading-edge management, clinical and menu systems. Crandall has both the technical capabilities and the experience necessary to provide superior professional service with a personal touch.
”Our longstanding partnership with the Watercrest leadership team is highly valued and we are thrilled to be working together to bring consistent, high quality consulting and dietary systems to your communities. We look forward to growing with you!”
Chandon Nicholas creative firm focuses on web & graphic design, brand development, marketing strategy and public relations. Our individualized process features a customized path to showcase our client’s ability to differentiate and excel. Emphasizing a collaborative approach, we focus on defining an identity and merging all aspects of the brand, products, services and culture into a coherent and fully integrated product.
“Chandon Nicholas emerges on the heels of 8 Graphic Design USA Awards for marketing excellence under the leadership of CEO, Marc Vorkapich. In the past 4 years, Vorkapich has driven the collaboration of marketing and branding projects resulting in back to back awards from the noted Graphic Design USA annual award competitions in web, inhouse and graphic design.”
KeyCom has been a reliable Orlando-based technology provider since 1984. In Central Florida alone, we have earned the right to call over 4,000 corporations, schools, embassies, theme parks and government entities our clients. We work exceptionally hard to maintain a culture that is worthy of your trust. That culture brings forth products, solutions, and most importantly, advice that’s not artificially guided by any single manufacturer. It’s our promise to discover and tell the truth about what solutions are proper for the market place and proper for you. Behind the products are the people. Our average employee tenure triples the service industry standards, and our collective mindset of performance–before–profit has proven successful for over 25 years. Perhaps this helps explain why 83% of our new customers were referred to us. So find out who we are. You’ll meet real people rewarded by helping others. It’s that simple.
“From the moment I met the Watercrest team, I was so impressed with their culture and their passion for serving seniors. What I appreciate the most working with Watercrest is their commitment and ability to understand the markets they serve. They approach each site strategically by engaging in the local community to identify its specific needs. It is such
an honor to be part of creating the vision for the next generation of assisted living communities.”
Vantage Group delivers well-researched, detailed site analysis and feasibility reports to suit specific informational depth requirements for each client, lending attention tailored to each project’s potential. Specializing in assisted living and memory care, we research, analyze, prepare, and interpret our market reports and resultant recommendations with emphasis on specific brand fit and the product model’s unique design and benefit to the market. Our reports evaluate comprehensive market elements including demographics, demand, competitive supply, state regulation, and market strengths and insufficiencies.
Our proficiency is enhanced by years of experience and expertise in management, operations, sales and marketing within the senior living industry, affording us (and ultimately our clients) a thorough knowledge of a specific market and its unique trends and needs. In this way, we are able to present summaries and recommendations designed for success, rather than a generic market study that may present facts (the science) without regard to market exceptionalities (the art). In the senior living industry, one size does not fit all.
“An organization is only as strong as the team behind it, and Marc and Joanie have demonstrated an unparalleled dedication to understanding each market’s unique distinctions in order to develop communities that are destined for success. The Watercrest culture is built on cornerstones of trust, strong work ethic, operational excellence, and passion for serving seniors and those who care for them. Vantage Group shares these values, and we are proud to be a part of the Watercrest vision.”
The Guardian Florida partnership has seven offices that efficiently serve the entire state and select areas of southern Alabama. Each office is led by a local president/owner, enabling us to be sensitive to local market conditions and to respond quickly as they change.
Keeping our leadership close to our customers means that you can get to Guardian decision-makers quickly and without the interference so often created by corporate red tape. No matter where in Florida you do business, Guardian Pharmacy has you covered.
The Guardian Pharmacy of Florida locations are part of a nationwide family of pharmacies whose support center is located in Atlanta, GA. Through a combination of solid acquisitions and greenfield startups, Guardian Pharmacy of Florida has carefully crafted a network of coverage designed to meet the needs of customers in every corner of our great state.
Like our colleagues throughout the U.S., we provide pharmaceuticals and pharmaceutical services to assisted living, skilled nursing and correctional facilities, to hospice programs and to behavioral health group homes.
Through our unique business model, we create value for our customers by combining local ownership with the strength of national support services. We work seamlessly to meet the needs of customers of all sizes and dimensions.
“Guardian is excited to be a partner with Watercrest. When we first met with the management teams at Watercrest, we knew their commitment to the residents matched the same mission Guardian has to the residents we service. This symbiosis made the two companies a natural fit in providing superior care to all of their residents!”
Alltrust Insurance is an Employee Benefits Firm, headquartered in Palm Harbor with 4 offices in Florida. We are part of the Acrisure family, a national organization with 190 location nationwide, focused on excellence in insurance, risk management and benefits design.
Steve Hall is our Market President and Senior Consultant working with CEO’s, CFO’s and HR Directors to offer sustainable benefit packages that attract and retain top talent. Steve and his Team have a passion for the Assisted Living and Hospice market with Steve serving as an Executive Board Member of Tidewell Hospice and Pontus Health, a strategic alliance between Stratum Health System and Empath Health System serving more than 16,000 patients a year.
“Working with the Watercrest Team to offer competitive benefits for their colleagues is a privilege we do not take lightly. From the moment we read the website and the commitment to Servant Leadership my team and I knew we were in for a great relationship. The leadership and employees are first class and the facilities are second to none.”
Sagely is a leading provider of technology tools, marrying the power of software, data, and the human element to empower caregivers, elders and their families to improve the well-being of seniors. The Sagely Efficiency program and Enterprise features have been implemented in Watercrest Senior Living communities throughout the southeast. These tools measure and provide understanding of resident engagement, which improves the effectiveness of wellness programs and each resident’s journey to well-being.
“We are excited to bring Watercrest tools to help optimize their programs and are very much looking forward to growing together,” says Nicole Schroeter, senior director of business development for Sagely.
Utilizing features such as the Family App, Sagely Prints, and Sagely TV Signage, strengthens family engagement and connections, improving the quality of life for residents. Engagement directors can streamline their workflows, save numerous hours on administrative functions, and spend more meaningful time with residents.
“We are delighted to be partnering with Watercrest, a company who shares a similar vision and goals of service to older adults.”
