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Welcome to Chesapeake Caregivers Development

Chesapeake Caregivers Development, LLC is a Senior Living Real Estate Developer specializing in Active Adult, Independent Living, and Assisted Living/Memory Care Communities. Our mission is to improve the quality of life of our Seniors through Person-Centered Care and aging in place.

Chesapeake Caregivers Development takes pride in creating Communities that provide a worry-free lifestyle

with a focus on Health & Wellness, and offer social living with an upscale dining experience and daily activities. We have experience building or renovating a community for the NEXT generation of seniors looking for an active and independent lifestyle.

Chesapeake Caregivers Development

provides various services, including feasibility land purchase contracts, project planning, Pro-forma models, financing, and consulting with lenders. With over 20 years of operations, management, and ownership experience in the Senior Living industry, we have the know-how to get our Communities built and financially successful.

We’re excited to continue building beautiful properties

that provide quality care and an enhanced lifestyle for seniors in the Mid-Atlantic Region. Chesapeake Caregivers Development has entitlements and will break ground on Three New Senior Living Communities in the Central Maryland Area (See Project page). Please get in touch with us to learn how we can help with your next project.

Leadership

John Degen

Senior Partner

John P. Degen is the founder of Chesapeake Caregivers, Inc. Following a path out of college in corporate sales. In 2000, he decided to pursue a career in Senior Living. Chesapeake Caregivers was initially a boutique Assisted Living business with multiple locations on the Eastern Shore of Maryland. Providing quality care to local seniors is his priority and as the company's owner and operator of the company, he wore many hats. John was hands-on with assisting residents, developing operational and marketing budgets, HR and maintaining quality control and licensure. But he wanted to do more.

While running Chesapeake Caregivers he researched ways to build on a strong foundation and find other ways to serve seniors. In 2009, he established Chesapeake Caregivers Home Care in 2009. Chesapeake Caregivers Home Care continues to operate today and has achieved an average annual revenue growth rate in excess of 20%. Never sitting still, in 2016, John purchased a property in Annapolis to build the largest assisted living and memory care facility in the area. He served as the Executive Operations Officer E.O.O. of Bay Village Assisted Living and Memory Care from its opening in March 2021 until December 2022. Once Bay Village was up and running and operating successfully, John continued to build on his passion for creating Mid-Size to Large Senior Living Communities in the Mid-Atlantic region. In January of 2023, he launched Chesapeake Caregivers Development, LLC. The company and its partners are focused on developing new senior care communities by researching local sites, navigate planning and zoning, provide in-depth market analysis for viability, raise capital and offer potential investors a detailed pro-forma model and return on investment. In 2023, Chesapeake Caregivers Development plans to expand further and establish Chesapeake Caregiver's Management as the Operator of its newly built and acquired Independent Living Communities.

Grant Searfoss

Grant Searfoss

Senior Partner

Grant serves as the Acquisitions Manager for Chesapeake Caregivers Development, LLC. He is also the Vice President of Development for The Severn Companies, a role he has held since March 2020. His primary responsibilities include underwriting and acquiring new developments, capital markets, project management, and investor relations. Previously, he served as a Financial Analyst for Capital Health Group, LLC, where he participated in the acquisition and development of over $200 MM in Class A Senior Living communities as well as the financing and refinancing of numerous projects. Grant graduated with a Bachelor of Science degree in Financial Economics from the University of Maryland, Baltimore County (UMBC) and holds a Master’s in Real Estate from Georgetown University.

Projects

Completed

BAY VILLAGE ASSISTED LIVING AND MEMORY CARE ANNAPOLIS, MARYLAND

• 88 apartment $32M assisted living community including 16 apartments in a memory care neighborhood
• 24-hour assistance for its residents
• The building is LEED Gold certified
• Multiple dining venues including the Chesapeake Dining Room, Bistro 979, and
Compass Club
• Theater & lecture hall, art studio, activities center with demonstration kitchen, expansive outdoor spaces, senior specific fitness center and more
• Overlooks 3.0 acres of forest conservation on its 6-acre lot and will meet the forest conservation requirement for the entire 10

Underway

BAY VILLAGE SUITES SENIOR LIVING PROJECT ANNAPOLIS, MARYLAND

• Type: Independent Living
• Size: 105 Units
• Building: 3 Story Concrete Frame
• Parking: 78 Spaces Below Deck Parking Garage + 7 Spaces On Grade • Floor Plate: 41,151 SQFT
• Total of 143,921 SQFT finished residential space
• Acreage: 1.5 acres site with all utilities
• Site Cost: $4.8 million
• Location: Annapolis
• Average Income: $148,000 in the 5 mile
• Population: 95,000 in the 5 mile
• Total Project Cost: $40,000,000

KENT ISLAND SENIOR HOUSING LIVING- STEVENSVILLE, MARYLAND

• Type: Independent Living
• Size: 88 Units
• Building: 3 Story Concrete Frame
• Parking: 105 On Grade Spaces
• Floor Plate: 29,900 SQFT
• Total of 88,080 SQFT finished residential space • Acreage: 4 acres flat site with all utilities
• Site Cost: $2.1 million
• Location: Kent Island
• Average Income: $133,000 in the 5 mile
• Total Project Cost: ~$40,000,000