an isakson-barnhart community peachtree hills place sm
TRANSCRIPT
Preparing for the Future
Do you have . . .
• A Financial Plan or an Estate Plan
• A Durable Power of Attorney and a Durable Medical Power of Attorney
• A Living Will and Trust
• A Will in place
• Long-term Care Insurance
• Funeral arrangements
Things to Consider
Personal Preferences
Supportive Services
Security and Healthcare
Management
IndependenceIndependence
Value vs ExpenseValue vs Expense
about whereyou will live
Personal Preferences• Where do you want to live? Why?
• Where are your friends and family?
• How long can you remain in your current home?
• What kind of environment do you want to live in?
Home CondoAssisted
LivingSkilled Nursing
Continuing Care
Sentimental Value + = - - =
Space & Storage + = - - =Safety(Steps, Door width, etc.) - = + + +
Social Interaction(Neighbors, Friends, Family) - - = = +
Independence - - - - +
+ Positive = Neutral - Negative
Personal Preferences
Supportive Services• Do you realize the number of services required
to support your current lifestyle?
• Who will maintain your home?
• What or where will you eat?
• Do you drive? When? Where?
• What social activities are available to you?
• Who do you call for help?Who do you call for help?
• What support services would improve your What support services would improve your current lifestyle?current lifestyle?
for how you live now
Supportive ServicesHome Condo
Assisted Living
Skilled Nursing
Continuing Care
Housekeeping & Home Maintenance - = + + +Dining Options & Preparation - - = = +
Transportation - - = = +
Flat Linen/Laundry Service - - + = +Fitness Center & Wellness Programs - = = - +
Spa - - - - +Social Activities(Speakers, Clubs, Cont. Ed.) - - - - +Support(Concierge, Dietician, Instruction) - - - - +
+ Positive = Neutral - Negative
• How often do you see your physician?
• Where are your doctors located?
• Who will respond in event of an emergency?
• Where will you go when an emergency happens?
• Do you know your neighbors and do they know you?
Security & Healthcare
Home CondoAssisted
LivingSkilled Nursing
Continuing Care
Security - = = = +
Emergency Call System - - = + +Trained Physician(Geriatrician, RN, LPN, CNA) - - - - +
Home Care - - = = +
Assisted Living - - + - +
Rehabilitation - - - + +
Skilled Nursing - - - + +
Dementia Care - - + + +
Security & Healthcare
+ Positive = Neutral - Negative
• Are you managing a burdensome business in order to maintain your lifestyle?
• Who will address your needs as they change?
• Who will ensure services and support are there when you need it?
• Who will pay for it all? How?
Managementfor the business of your lifestyle
ManagementHome Condo
Assisted Living
Skilled Nursing
Continuing Care
Oversight - - + + +
Autonomy - - - - +
Quality Assurance - - + + +
Cost - - - - +
+ Positive = Neutral - Negative
• Freedom from control, influence, support, aid
• Autonomy, self-determination, self-sufficiency
• Peace of mind
IndependenceWhat makes you
independent?
Home CondoAssisted
LivingSkilled Nursing
Continuing Care
Control - - - - +
Influence - - - - +
Support - - - - +
Aid - - - - +
+ Positive = Neutral - Negative
Independence
Value vs ExpenseCan you affordto wait?
• Do you know how much you are spending to manage the business of your current home?
• Have you analyzed and calculated your current living expenses?
• What are you getting in return?
• What will your future needs cost and will those additional services be available?
Value vs ExpenseHome Condo
Assisted Living
Skilled Nursing
Continuing Care
Mortgage ? $300 -$3MM N/A N/A N/A
Entry Fee N/A N/A $5,000 - $20,000 N/A $400 - $1.4MM
Monthly Fee N/A $2,000 - $6,000 $3,000 - $5,000 $4,000 - $7,000 $1,500 - $7,500
Property Taxes + + Included Included Included
Insurance + + Included Included Included
Utilities + Limited Included Included Included
Concierge + + + + Included
Spa + + + + Included
Fitness Center + + + + Included
Housekeeping/Maintenance + + Included Included Included
Flat Linen/Laundry Service + + Included Included Included
Transportation + + Included Included Included
Security + + Included Included Included
Emergency Response + + Limited Included Included
Care Management + + Limited Limited Included
+ Added Expense
I’m Not Ready. . .• To be free from home maintenance,
upkeep and expense
• To join social, supportive, friendly peers
• To improve physical wellness
• To assure family that needs are met
• To take control
• To have peace of mind
Home CondoAssisted
LivingSkilled Nursing
Continuing Care
Independent N/A N/A No No Yes
Availability N/A Yes Limited Limited NO
Selection N/A Limited Limited Limited Limited
Geographic Location
N/A Limited Limited Limited Limited
Customization N/A Varies No No Varies
What if you waituntil a health need necessitates
a move?
What choices will you have?
What is Peachtree Hills Place?• Active community for healthy adults
• A new community within a historic Atlanta neighborhood
• Amenities and services available to let you pursue new opportunities
• Full range of wellness and health services available onsite
• Peace of mind that you have a plan for the next chapter of your life
Isakson-Barnhart• Andy Isakson and Dave Barnhart
• Local ownership
• 30 years real estate experience
• Residential communities• Park Springs, Stone Mountain, GA• Peachtree Hills Place
• Personal experience
Ensuring Our CommitmentLife Care Services
• Founded in 1961; Des Moines, Iowa
• Privately held; employee owned
• 180+ communities in US
• 40 years of successful operations
Peachtree Battle
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Peachtree Hills Place Clubhouse• Dining
– Four restaurants
• Services– Onsite market, bank, valet, concierge
• Entertainment– Cards, library, art studio, ballrooms, private dining
• Fitness Center and Spa – Pool, exercise classes, strength training, staff
Wellness Services• Wellness Clinic
– Licensed Physician
– Medicare certified
• Peachtree Hills Place Home Care– Assisted living
– Certified nursing staff
• The Terraces– Skilled nursing
– Alzheimer’s and dementia care
Residential Options• 274 villa residences
• 16 villa floor plans
• 1, 2 and 3 bedroom residences
• 1,423 sf. to 3,165 sf.
• Mid-rise buildings
• Entrance Fees: start at $546,000
– Monthly Fees: start at $2,983
• Underground reserved parking
• 8 single family homes (4 remaining)
In-Home Services Included in monthly fee• Weekly housekeeping
• Weekly flat linen service
• Utilities: water, sewer, air conditioning, heating, electricity
• Expanded cable TV, hi-speed Internet service, local phone service
• Trash removal & recycling
• Pest control
• Room service
• Routine residential maintenance and repair
• Landscaping and grounds keeping
• Property taxes and property insurance
• Scheduled transportation
• 24-hour manned security
• In-home motion detectors
• Emergency call system
• Sprinkler system and smoke detectors
In-Home Services Included in monthly fee
Financial Commitment
• 10% deposit to reserve residence– Deposit held in Escrow and earns interest until move in
• Remaining 90% balance due at move in (2009)
• 90% is refunded to member/estate upon leaving the community and after the residence has resold– PHP is responsible for refurbishment and resale of residence
What’s Next?• Model homes opens
• Design center opens
• 65% reservations to break ground
• 22 month construction
• Move-in 2009