Formation-Shelbourne Senior Living (FSSL) has opened several exciting new senior living communities recently, including The Solana Germantown, pictured below. We have additional projects under construction and in our pipeline.
Please see our new "Submit a Site" page if you have an acquisition or development opportunity you would like to submit to Formation-Shelbourne Senior Living Services.
Welcome to the website for Formation-Shelbourne Senior Living Services, LLC.
On this site you can read about our venture and our related companies, learn about our services, see info on our projects, read our latest news and meet our team members. You can also view contact info or use our convenient "contact us" form to have us respond to you. Just click on one of the choices to the left. Thanks for visiting our website.
Formation Shelbourne Senior Living Services was formed to combine the development expertise and investment capital of two experienced senior living companies for the development of new senior living communities across the United States.
Formation Shelbourne Senior Living Services is a venture between:
Formation Development Group, LLC and Formation Capital
of Alpharetta (Atlanta), Georgia and
Shelbourne Healthcare Development Group and Shelbourne Capital
of Radnor (Philadelphia), Pennsylvania
The venture develops projects for its own account and also offers consulting and fee development services to investors, lenders, operators and developers who want to enter the senior living industry or who desire to reposition existing assets. Services include market research, site selection, financial feasibility, zoning, entitlements, design, project finance, construction management, start-up operations, and asset management.
The venture brings together significant investing, development and consulting experience in senior living and other areas of real estate and healthcare. The principals of Formation Shelbourne Senior Living Services have been involved in the development, operations and ownership of over 180 senior living communities and healthcare facilities with an aggregate value of over 2.7 billion dollars. Projects include new development and renovations of assisted living, independent living, Alzheimer's care communities, retirement campuses, hospitals and medical offices.
Formation Development Group, LLC is the development arm of Formation Capital. It was founded by former executives of EdenCare Senior Living Services of Alpharetta, Georgia. Mark Spiegel, Mark Maberry, and Jay Robinson lead the Formation Development team. Shelbourne Healthcare Development Group LLC is the development subsidiary of Shelbourne Capital. It is comprised of Joe McElwee, Jim May and Dave Ennis, all of whom are senior living professionals from Sunrise Senior Living; as well as former Pitcairn Properties executive, Joe Fox; Jim Kane, formerly of Lehman Bros and Credit Suisse; and Jason Ladavac, previously of JER Partners.
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Joseph F. McElwee |
Thanks for your interest!