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A Real Asset.
A Real Opportunity.
Silverfern Assisted Living & Memory Care: Downtown Cincinnati is the conversion of an existing full-service hotel into a 171-bed assisted living and memory care facility located just outside downtown Cincinnati, Ohio.
This is not a ground-up concept, it’s a repositioning of an existing asset into a high-demand senior living community, designed to meet growing healthcare and housing needs.
Why this opportunity? The assisted living sector is experiencing significant growth driven by the aging U.S. population often referred to as the “silver tsunami.” The services will include Alzheimer's and Memory Care, Intensive Assisted Living, Post-Acute Care (brain & spinal injury support), and On-Site Urgent Care Clinic.
Silverfern Assisted Living & Memory Care is designed to capitalize on this demand through a conversion model, which presents lower risk compared to ground-up development. It is strategically located in a high-demand, under-supplied market, further enhancing its potential for success. The property also benefits from close proximity to major healthcare providers, making it an attractive option for residents. Additionally, Silverfern offers a flexible unit mix across various levels of care, allowing it to serve a diverse range of needs.


Strategically Located in Cincinnati, Ohio
Located at 800 W 8th St, Cincinnati, OH 45203, Silverfern Assisted Living & Memory Care: Downtown Cincinnati is positioned in a prime location with close proximity to major healthcare institutions, including:
- UC Health
- Good Samaritan Hospital
- VA Hospital
- The Christ Hospital
This matters because it creates strong potential for a reliable referral network, which can support consistent occupancy and growth. It also reflects a high level of demand for senior care services in the area, reinforcing the project’s long-term viability. In addition, the presence of an established healthcare infrastructure provides a supportive environment that can enhance care quality and operational efficiency.
Strong Demand
with Limited Supply
Existing market penetration rates remain low, indicating room for growth and strong occupancy potential.
Independent market analysis indicates significant unmet demand in the Cincinnati area for:
- Assisted living units
- Memory care beds
- Affordable and middle-market senior housing
Projected demand supports:
- 96–120 assisted living beds
- 64–96 memory care beds
- Additional independent living opportunities

Project Structure & Timeline
Facility Features - Designed for Modern Senior Living
Each of the 171 units will include modern features and thoughtful design to enhance both comfort and efficiency.
Highlights:
- Smart thermostats, locks, and lighting
- Upgraded bathrooms and finishes
- Activity and wellness spaces
- Fitness and rehabilitation areas
- Kitchenettes and private living spaces
Unit Mix:
- Studio Units: 144
- 1-Bedroom Units: 27
Project Timeline - Clear Path to Execution
Timeline:
Q2 2026: Permits + USCIS approval
Q2 2026 – Q3 2027: Construction and licensing
Q4 2027 – Q4 2028: Stabilization period
Q4 2028 – Q4 2029: Holding period
Q1 2030: Sale / refinance target
Structured for Stability & Flexibility
The Silverfern Assisted Living & Memory Care: Downtown Cincinnati investment is structured to align investor capital with project execution and EB-5 requirements.
Capital Stack
- Senior Loan: ~$12M
- Developer Equity: ~$2.4M
- EB-5 Equity: ~$9.6M
Key Points
- EB-5 preferred equity structure
- Target: 12 investors at $800K each
- 5-year investment term (potential earlier exit with refinance)
Why This Structure Works
This layered approach helps reduce risk while maintaining flexibility throughout the project lifecycle.
- Senior debt provides additional capital support
- Developer equity ensures alignment (“skin in the game”)
- EB-5 capital structured to meet immigration requirements


Proven Success: Silverfern Senior Living Cincinnati
Silverfern Senior Living stands as a successful example of the team’s ability to transform underutilized assets into thriving senior living communities.
Originally built as a full-service hotel, the property was strategically repositioned into a modern, amenity-rich senior living community offering renovated residences, lifestyle-focused amenities, and a strong sense of community for its residents.
Today, Silverfern delivers a high-quality living experience with features such as fitness and wellness programs, dining services, and social engagement spaces demonstrating the team’s ability to execute from acquisition through renovation and stabilization.
This successful conversion highlights the team’s core strategy:
- Identifying underperforming assets
- Repositioning them into high-demand use cases
- Delivering both operational success and long-term value
Silverfern is not just a completed project—it’s proof of concept for the model behind future developments.
Proven Success: Hummingbird Senior Resort Living
Hummingbird Senior Resort Living is a senior living community in Sierra Vista, Arizona that has evolved into a modern, resort-style care facility. While detailed public records about its earliest use are limited, the property today is widely described as a newly renovated or repositioned facility, suggesting it was previously an older residential or care campus that underwent significant upgrades before reopening under the Hummingbird brand.
After acquisition and redevelopment, the operators invested heavily in renovations and modernization, including refreshed interiors, new furnishings, updated common spaces, and enhanced amenities designed to create a more upscale, hospitality-driven environment. Reviews frequently highlight “new furniture, fresh paint, and elegant design,” indicating a deliberate shift toward a resort-like atmosphere rather than a traditional institutional setting.
Today, the community positions itself as a full-spectrum senior living campus, offering independent living, assisted living, and specialized memory care all in one location. Services include 24/7 caregiving, medication management, housekeeping, dining programs, and structured social activities. Residents also have access to amenities such as a movie theater, fitness programs, bistro-style dining, outdoor spaces, and regular events aimed at maintaining engagement and quality of life.
Overall, Hummingbird has transitioned from an older or previously existing property into a renovated, amenity-rich senior living community focused on combining care services with an active, lifestyle-oriented experience.

Experienced Team. Proven Execution.
Silverfern Assisted Living & Memory Care is led by a team with deep experience across construction, development, hospitality, real estate, assisted living, and healthcare.
General Contractor: Cruz Development LLC
- Full-service design-build firm
- Expertise across hospitality and commercial projects
- In-house capabilities for cost control, scheduling, and safety
Architect: Hub + Weber Architects
- 50+ years of experience
- 3,000+ completed projects
- Strong reputation in Cincinnati and surrounding markets

