Health Care Managers, Inc. (HCM) is headquartered in Amelia Island FL. HCM was established in 1984 with an unyielding commitment to serving the long term health care needs of North Florida’s elderly population. Originally, the company was a subsidiary of Sell Realty Co., but became a separate entity in 2001.
HCM’s objectives are to achieve solid investment returns generated from quality senior housing with a focus on first class new facilities with continuous upgrades and renovations to meet the challenges of the “baby boomer” growth trends. Specific Senior Communities owned or managed are skilled Nursing, Assisted Living & Memory Care.
For current opportunities, contact Mr. Steve Sell at 904-321-1909.
Returns Strong. Third-quarter investment return data for the NCREIF-reported seniors housing properties equaled 2.73%, composed of a 1.38% capital return and a 1.36% income return. The annual total return through the first quarter of 2017 was 12.72%, overshadowing the NCREIF Property Index (NPI) result of 6.89% and the apartment result of 6.22%. However, industrial total returns slightly outpaced seniors housing at 12.80%. Despite the relatively strong showing, the total annual return for seniors housing has been trending down since mid-2014 when it peaked at 20.37%. This pattern can also be seen in the broader index and reflects a slowdown in the appreciation component of the index.