Case Study Ignite Medical Resorts – Northland
Ignite Medical Resorts – Northland
Ignite is a pioneer in the rehabilitation skilled nursing industry, with a mission to provide LuxeRehab Rapid Rehabilitation in an uncompromising luxury setting. Licensed in November 2018, the resort has 90 dual eligible beds featuring 2 distinct wings designed to maximize recovery and provide exceptional long-term care. A modern resort with beautiful common areas, enhanced indoor/outdoor therapy space, advanced technology and medical monitoring, the community was built with the guest and family in mind.
Ignite Medical Resorts Northland is a true case study of Avenue’s extensive market assessment and partnership approach to development. Located in the Northland submarket of Kansas City, this short-term rehabilitation focused skilled nursing building opened for business in late 2018 with Ignite as the operating partner. The newly constructed facility offers 90 dual licensed beds, with mostly private rooms and restrooms, to serve both long-term care senior residents and guests needing transitional rehabilitation care. These two demographics can be equally catered to in the same building utilizing thoughtful design including an eye-catching therapy area and café area for social gathering, which provides Ignite flexibility in the census mix as demand for services fluctuates.
Avenue performed extensive market due diligence research, before leading the regulatory process to obtain certificate-of-need (CON) licenses from the state. The foundation of the development was built by working with local health systems and insurance payers to discuss their missions and underwrite expectations in a post-acute partner, providing vital partnership opportunities before the building opened. Avenue financed construction, procured a working capital investor and provided a turn-key lease development for Ignite.
|Lot Size (Acre)||5.95|
|Square Feet (GSF)||61,139|
|Units (Private / Semi)||70 / 10|
|Year Built||Q3 / 2018|
|Parking Space||59 (12 ADA)|
|Occupancy / Build||I-2, Type V-A|
|Licensed Use (MO CON)||Long-term Care|
Ignite Medical Resort Strategy
Ignite Medical Resorts raise the bar above traditional nursing homes that try to operate in both short term and long term care. Medical Resorts are a new industry sector that combine the amenities of a fine resort with the nursing and rehabilitation focus of inpatient rehabilitation facilities or LTACH’s. The vision is simple, to provide guests Uncompromising Luxury and Rapid Rehabilitation. Ignite Medical Resorts seeks to Extinguish the Stereotype of skilled nursing care, embrace innovation, provide patient-centered care, provide an employee-centric culture and deliver excellence in clinical care and customer service.
The Resort is located in the premier Northland area of Kansas City surrounded by new development and minutes from I-29 and I-435, providing convenient access for family and friends to visit. With close proximity to several large area health systems, including Saint Luke’s North campus and North Kansas City Hospital, Ignite has successfully established transitional care platforms for post-acute patients and quickly become a preferred provider in the Northland.
The Story Continues…
In August 2019, Avenue facilitated and completed the sale of the Northland facility to LTC REIT (NYSE: LTC) in a two-facility transaction which included Ignite operating both facilities. The second development is located 20 miles from the Northland building in Independence, Missouri opening Fall 2020.