The Rocfey value-creation model

Rocfey focuses on a specific kind of value creation: taking residential homes and converting them into licensed, operator-leased care assets. The model moves through a series of steps, each with its own work and risk.

Source and underwrite

Rocfey identifies homes in high-demand submarkets that fit the physical and regulatory profile for a care conversion, then underwrites conversion cost, the licensing path, operator demand, and the stabilized value the finished asset could support.

Convert and license

Plans are prepared and approvals pursued, the home is built out to meet care and safety requirements, and the appropriate license (RCFE, CLHF, ALW-supported, behavioral health, and so on) is obtained.

Lease to operators

Rocfey separates real estate ownership from day-to-day care. A healthcare operator leases the property and runs the care business, while investors participate in the real estate and its lease income - typically on a triple-net basis where the operator covers most property costs.

Stabilize and exit

Once an operator is in place and the asset is occupied with reliable rent coverage, it is stabilized. Value may eventually be realized through refinance, sale, recapitalization, or a long-term hold. None of these outcomes is guaranteed.