Benesch Market Intelligence: Health Care Quarterly Report - Q3 2019

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Shepherd Premier Aims to Open 30 Small-Home Communities By 2022 -

Aug 11th, 2019 via Senior Housing News.

Small-home senior living provider, Shepherd Premier Senior Living, offers an alternative to traditional large-scale apartment building-styled senior living. The McHenry, Illinois-based company has honed its model since 2014 and specializes in 16-bed houses within suburban neighborhoods that provide independent and assisted living options and memory care. A one-to-five ratio of staff to residents allows for stronger bonds and more personalized care as well as the incorporation of spirituality and religious practices. “Any fear of death, we want to take it off the table,” said Partner and COO Theresa Maskrey. Shepherd Premier aims to develop 30 small-home communities over the next three years starting with a $21 million project in Huntley, Illinois that involves 144 beds over nine properties. Estimated monthly rates will range from $5,000 for a shared room to $6,000 for a private room. While immediate growth plans involve Illinois, the company plans to expand into warmer climates, including Florida, in the future.

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