Our latest project is The Solana at Cinco Ranch, an active senior living community in Houston, Texas. The Solana features independent and assisted living in an exciting, stylish building. Please visit the "Projects" page of this website for photos. Please visit www.thesolana.com for information or to contact the community.
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Please visit our "News" page for information about Formation Shelbourne Partners, our co-development venture with Shelbourne Capital. This venture is actively developing senior living projects in major market areas.
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Formation Development Group is a senior living consulting, development and investment company that Formation Development Group provides comprehensive development services for a variety of senior living communities across the United States, including: The principals also have valuable expertise in the repositioning of distressed real estate. We can help landowners, developers, lenders, investors and operators determine and implement a successful strategy for converting their assets to senior living. Areas of focus include market assessment, building review and design, code and licensure analysis, market strategy, budgeting, scheduling and construction management. The company works with experienced, third-party senior living operators to provide on-site management services. Formation Development Group is able to provide important asset management services to ensure the project is operated successfully. FDG is known for its distinctive and attractive buildings, its prime sites and its innovative services. The team is well recognized for the ability to deliver high-quality communities in highly visible locations in strategic markets. Through creative design and rigorous value engineering, the FDG team delivers its highly desirable product for a lower development cost than comparable competitors. FDG also implements comprehensive programs to execute the development and redevelopment strategies of operators, landowners, developers, lenders and investors. The company exhibits a strong focus on real estate fundamentals, senior living expertise and customer service. Services include all aspects of senior living consulting and development, from site selection through construction management, as well as providing portfolio asset management of the completed projects. For more information on our services, please visit the "Our Services" page of this web site. Mark Spiegel, President (center) EdenCare ultimately sold its portfolio to affiliates of CNL Retirement Properties, Inc. of Orlando, a real estate investment trust. CNL was aligned with Sunrise Senior Living. CNL Retirement was subsequently acquired by Health Care Property Investors (HCPI). The principals of Formation Development Group control the intellectual property of EdenCare, including: building designs & specifications; operating manuals; training materials; sales & marketing practices; and operational policies & procedures. These materials can help clients and partners gain a significant competitive advantage by avoiding the need for lengthy and costly product development and documentation. After the sale of EdenCare, the principals founded and ran Argos Realty Partners, a senior living development consulting company, from 2004 to 2007. During this time, Argos primarily provided development fee services to Sunrise Senior Living. In 2007 the principals aligned with Formation Capital and merged Argos into Formation Development Group. Formation Development Group continued the successful working relationship with Sunrise. From 2004 – 2008, FDG (formerly Argos) assisted Sunrise with the development of over 20 new senior living communities in select markets in the Southeast and Texas. FDG provided assistance with feasibility studies, zoning, entitlements, programming, design, and pre-construction services. This outsourcing relationship allowed Sunrise to tap FDG's capabilities in development to bring its senior living expertise and services to new markets. FDG was involved with 21 Sunrise projects representing over 2,000 units in multiple states. The projects included a wide range of senior living product types, from stand-alone assisted living and Alzheimer’s care communities, to independent and assisted living campuses, and high-rise, luxury senior condominiums. Formation Development Group also provides fee development services to Emeritus Corp., a major senior living company, on new assisted living and Alzheimer's care communities in select markets. For general inquiries, please visit the "Contact Us" page of this site. For information on our consulting and fee development services, please contact: Mark Spiegel, President (770) 777-9898 Thank you for your interest in Formation Development Group!
combines the capabilities and capital resources of
Formation Capital with the development expertise
and senior living experience of the former principals of
EdenCare Senior Living Services.
Formation Development Group was founded by former executives with EdenCare Senior Living Services of Alpharetta (Atlanta), Georgia:
Jay Robinson, Executive Vice President (right)
Mark Maberry, Executive Vice President (left)
EdenCare was one of the most highly-regarded senior living companies in the US. The company was co-founded by Mark Spiegel in 1996 with the financial sponsorship and investment of (Trammell) Crow Holdings, Inc. and JMI/Greystar (a venture between JMI Realty and Greystar Capital Partners). EdenCare grew via acquisitions and new development to own and/or operate 38 independent living, assisted living and Alzheimer's care communities across seven states and earned a reputation as one of the premier regional providers of senior living services. The company had approximately 1,500 employees and was recognized three consecutive years as one of Atlanta's 50 fastest growing private companies.
(678) 317-2200 Fax
mspiegel@formationdev.com
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