Market-Pulse.com - Current Profile - (TrinityCare Senior Living, Inc. [OTCBB:
TCSR])
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Market Pulse has
issued its current profile for TrinityCare Senior Living, Inc. (OTCBB: TCSR) to the investment
community! Stay Tuned For
Frequent Updates at www.market-pulse.com .
TrinityCare
Senior Living, Inc. (OTCBB: TCSR) develops, manages, and owns quality senior living facilities that focus on enriching
the faith of the residents and providing state-of-the-art independent living, assisted living,
memory care and adult day care services in a single location. TrinityCare is not a start-up or
emerging growth company, but an experienced operator of senior living facilities. The company
partners with local churches and land developers for each facility to offer a wide range of both
community and personal services to residents. TrinityCare is a rapidly growing business with
three successful facilities; Trinity Oaks of Pearland, Texas, Trinity Hills of Knoxville,
Tennessee and Trinity Shores of Port Lavaca, Texas. TrinityCare`s properties in Knoxville and
Port Lavaca obtained their certificate of occupancy in June and July of 2007, respectively. The
total occupancy of all 3 projects as of July 31, 2009 was roughly 90%, based upon available
units. Revenues exceed $6,000,000 with gross profit margins in excess of 60%. The company will
capitalize each new project in 2010 through land contribution (from a church or land developer
ranging from $1.0M to $2.0M), cash investments (typically $500,000 to $750,000 per project), and
HUD 232 guaranteed financing through lenders who have underwritten TrinityCare (Wells Fargo and
Duetsche Bank Berkshire Mortgage). The typical project cost is $10 million, and is 82 units
covering 61,000 square feet. The company expands only in areas where there is a significant unmet
need and where success can be easily achieved in a short period of time. The growth of the
senior adult population is anticipated to expand rapidly over the next two decades, and thus
supply cannot keep up with demand. It is estimated that over 6.5 million seniors currently need
assistance with activities of daily living. Current expenditures for senior living in the United
States exceeds $283 billion, with an estimated expenditure of $508 billion in 2030. Future and
planned expansion developments will be in Pearland, Texas; Katy, Texas, Covington, Louisiana;
Shreveport, Louisiana; Seymour, Tennessee; and Crossville, Tennessee. These projects will add an
additional 488 units to the company bringing the total to 718 units. Current market valuation
for these types of projects would bring the valuation to over $100 million. Currently, using this
valuation, the fair market value of existing facilities is $32 million, with debt of $18 million,
and cash investments thus far of $4 million. The company has experienced leadership, capable of
rapid expansion, and excellent relationships with lenders and investors. Donald W. Sapaugh,
Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc. stated, "We
carefully analyze the economics of each proposal and expect expansion in new and existing
markets to serve as the foundation for profitability and the enhancement of shareholder values in
the future." TrinityCare Senior Living, Inc. is poised to become a significant player in the
long-term healthcare facilities industry!
Press
Release
Source: TrinityCare Senior
Living, Inc.
TrinityCare Senior Living
Announces $1.65 Million Investment Agreement
Significant Milestone for
Expansion Accomplished
FRIENDSWOOD, Texas, Nov. 19
/PRNewswire-FirstCall/ -- TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR), which
develops, manages and owns faith-based senior living facilities, today announced the execution of
a $1.65 million investment agreement by RCHP, LLC, a Texas-based boutique investment
firm.
"We are very pleased to have
RCHP as an investor in our expansion. Their confidence in our vision and strategy is encouraging
at a time when investment dollars are limited," stated Donald W. Sapaugh, Chairman and Chief
Executive Officer of TrinityCare Senior Living, Inc. "This capital infusion, coupled with
our senior lending agreements on new construction, will reduce our capital requirements
significantly and allow us to achieve our previously outlined growth goals for
2010."
The investment will be made on a
per-project basis and will range from $225,000 to $300,000 in cash, based upon the timing and
location of new senior living projects. Each investment will be into a special purpose entity and
will provide to RCHP, LLC a 10% accrued return on investment, with a target 18% internal rate of
return over a three-to-five-year period. The return on investment will be paid in cash or stock
at the option of TrinityCare. RCHP has a consistent history of positive and productive
investments for its investors. The expected dilution to TrinityCare shareholders under this
investment agreement is expected to be minimal.
About TrinityCare Senior
Living, Inc.
TrinityCare Senior Living
("TrinityCare") develops, owns, and manages quality senior living facilities that focus
on enriching the faith of the residents and providing state-of-the-art independent living,
assisted living, memory care and adult day care services in a single location. The company
partners with local churches and developers for each facility and offers a wide range of both
community and personal services to residents. TrinityCare is a rapidly growing company with three
successful facilities currently operating in Texas and Tennessee. Near-term expansion plans
target the Southeastern part of the United States. For more information please visit www.trinitycare.com .
TrinityCare is headquartered in Friendswood, Texas (Houston metropolitan area) and its common
stock trades on the OTC Bulletin Board under the symbol "TCSR".
Contact: Donald W. Sapaugh, CEO, at (281) 482-9700
For additional information please
call 800.290.8935 or visit www.market-pulse.com .
Forward-Looking
Statements
The information in this news release includes certain
forward-looking statements that are based upon assumptions that in the future may prove not to
have been accurate and are subject to significant risks and uncertainties, including statements
related to the future financial performance of the Company. Although the Company believes that
the expectations reflected in the forward-looking statements are reasonable, it can give no
assurance that such expectations or any of its forward-looking statements will prove to be
correct. Factors that could cause results to differ include, but are not limited to, successful
execution of growth strategies, product development and acceptance, the impact of competitive
services and pricing, general economic conditions, and other risks and uncertainties described in
the Company`s periodic filings with the Securities and Exchange Commission.
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Living, Inc., twenty five thousand shares of TrinityCare Senior Living, Inc.`s common stock by a
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