“INTEGRITY: THE QUALITY OF BEING HONEST
AND HAVING STRONG MORAL PRINCIPLES,
MORAL UPRIGHTNESS”

 

  • A facility Owner/Operator calls Integrity, and expresses a desire to discuss Contributing their facility into our growing Portfolio.
     

  • A 12 month trailing 12 is provided by the Owner, along with census and rent roll.  Ultimately, a three year history of earnings will be required for underwriting.   Integrity evaluates the facility, and generates a valuation.  If the Owner/Operator is satisfied with this valuation, a more formal Letter of Intent to Contribute is initiated and the value is stated.  Integrity engages, thru Bank Leumi or UCB, third parties, including the appraisal (normally by Integra/CBRE/ or Cushman).  If the appraisal is completed, showing a valuation no less than 5% of that stated in the Contribution Letter, then the Contribution is finalized.  The Owner/Operator is responsible for a written Title Opinion performed by their attorney, and to furnish a current ALTA level Survey of the facility, showing the facility, and any encroachments.  Integrity is solely responsible for the costs of the third parties.  A copy of the Owner/Operator’s resume is Emailed to all existing Partners, and copies of all existing Partners resumes are forwarded to the new, pending Partner, all for review and acceptance.
     

  • Should the appraisal reflect a higher value than that originally indicated, the Owner/Operator receives that value.  30% (or more if desired) of this amount is traded for Integrity Units, and upon closing,  the Owner/Operator becomes a Partner, and member of our Family.  The amount contributed is totally Capital Gains Tax Deferred.
     

  • Integrity arranges a conference call with one of the Big Four Accounting Firms leading U.S. Tax Partners. The call includes our new Partner’s CPA/Accountant. This call is at Integrity’s expense.
     

  • The balance of funds at closing (this IS a Contribution, NOT a Sale) go to the Partner, to retire any debt remaining on the facility, and pay his closing costs.  Additional Capital Gains savings may be taken at this time. 
     

  • From signing of the Letter of Intent to Contribute, to closing, normally takes 120 days, or less.

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  • Integrity will begin training and transitioning for centralized accounting and payroll 4 weeks prior to closing.
     

  • The new Partner may continue to manage/operate his facility (s) if he so desires, under an Integrity standard Management Agreement.  Accounting is centralized, and payroll is centralized as well.  Staffing, which is responsible for the ‘bottom line’ and is the reason Integrity acquires a facility, is left intact, unless changes are discussed, and agreed upon, prior to closing.
     

  • Integrity’s goal of an IPO on the Toronto Stock Market is on schedule, and expected to occur in 2023.

 © 2014-2019 Integrity Senior Properties Investments, LLC

Integrity Senior Properties Investments, LLC
4821 US Hwy 19, Suite 3
New Port Richey, FL 34652
Toll Free
1-844-878-6762

This is for informational purposes only, and does not constitute an offer or solicitation to sell shares or securities in the Company or any related or associated company.