About Us
Somerhaven Management was born from the successes of predecessor entities that paved the way through nearly two decades of proven results. Improvement of under-performing assets drives our success. We have a history of taking the bad to good and the good to great. In an industry crowded with ineffective and unproven operators, that’s not us. We have a track record of success achieved with Integrity.
- Combat Veteran owned and operated with 30 years of senior living operational experience.
- $160 million in managed assets.
- Structured to effectively operate a stand-alone or a regional portfolio.
- Revived a large Texas portfolio with 58% occupancy, and drove them to 92% in less than a year.
- Assumed a large defaulted REIT portfolio and paid the landlord nearly 23 million in rents and reserves prior to lease termination.
- Court appointed receiver that achieved cash flow status in six months and overall profitability at a community that was at less than 25% occupancy and operating at 3.5-million-dollar annual deficit.
- Viable exit strategies due to REIT relationships.
- No Defaults!
- Today, the national average length of stay is close to one year, we reduced discharge rates by extending that average to 26 months through strong clinical and social programming.