What are the key next steps for moving forward with development?
If the CCRC is approved by Federations Board of Directors, the first step to proceed forward with development will be to raise the required pre-finance capital ($7.6 million). Following the capital raise, other initial steps include: 1) assemble the full development team, including the architect, and pre-construction consultant (contractor), 2) begin marketing setup (hire marketing team, locate marketing office, create lead database) and initiate priority program, 3) draft and submit regulatory applications pursuant to Florida Statute Chapter 651 (CCRC regulations) and 4) initiate schematic design for the CCRC.
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