Division 01 · Real Estate Development & Advisory

Real estate development consulting: from land to a viable project.

We evaluate land, determine what can be built and whether it pencils, and manage the permitting and design path until the project is ready to be financed and built in Puerto Rico and Florida.

Markets
Puerto Rico · Florida
Project types
Residential · Assisted living · Affordable housing · Land
Roles
Advisor · Project manager · Co-principal

Who it's for

Land and development decisions, backed by numbers.

Landowners

Know what your land is worth and what can be developed on it before you sell, contribute it to a partnership or build.

Developers and sponsors

Validate a project, sequence the permitting path and reach financing with a defensible model.

Care operators

Plan, acquire or reposition assisted living facilities with a viable program and capital stack.

Services

Seven services, one analysis.

Each service can be engaged on its own or as part of a full development mandate.

  1. 01

    Land evaluation and highest and best use

    Title and liens, acreage, zoning, infrastructure and flood risk; then the highest-value use that regulation allows and the market absorbs.

    • Property Registry
    • Survey
    • Zoning
    • Highest and best use
  2. 02

    Feasibility studies

    Market, costs, pro forma, sensitivity and capital sources, with an explicit recommendation: proceed, redesign or discard.

    • Market analysis
    • Pro forma
    • Sensitivity
    • Go / No-go
  3. 03

    Zoning, land use and permitting

    Permitting strategy and agency endorsements, coordination with engineers and architects, and follow-through to approval.

    • Location consultation
    • Agency endorsements
    • Segregations
    • Technical coordination
  4. 04

    Development management

    Program, budget, schedule and design team; milestone control from pre-development to construction start.

    • Program
    • Budget
    • Schedule
    • Design team
  5. 05

    Assisted living and senior care

    Functional program, room matrix, site plans and business models for care homes, senior housing and continuing-care campuses.

    • Room matrix
    • Site plan
    • NMTC
    • Business plan
  6. 06

    Asset and property management

    Management of residential and affordable housing assets: compliance, reporting, occupancy and net operating income optimization.

    • Compliance
    • Reporting
    • Lease-up
    • NOI
  7. 07

    Strategic portfolio advisory

    Market thesis, acquisition and exit strategy for family offices, sponsors and public entities with assets in Puerto Rico.

    • Market thesis
    • Acquisition
    • Exit strategy

Deliverables

What you receive in every mandate.

Documents prepared for decision-making and for presentation to banks, investors and agencies.

  • Feasibility memorandumFindings, risks and an explicit recommendation.
  • Financial modelPro forma, sensitivity and capital scenarios.
  • Highest and best use analysisPermitted uses, density and resulting value.
  • Permitting mapAgencies, endorsements, sequence and schedule risk.
  • Program and budgetAreas, units or beds, hard and soft costs.
  • Investor data roomOrganized and shared only after a signed NDA.

Experience

Division projects, with their status.

Featured projects and mandates on record. Images are working plans or illustrations, as noted.

Survey and topography plan for the Camaceyes subdivision, 10 lots in Aguadilla, Puerto RicoLand subdivision
Aguadilla, PR2026Development & Advisory

Camaceyes

10 lots · 2.35 cuerdas

Land subdivision and valuation on the west coast. After renegotiating the permitting path, the Puerto Rico Aqueduct and Sewer Authority (AAA) approved its endorsement in October 2026.

Role
Valuation, zoning, survey and permitting path
Status
Water authority (AAA) endorsement approved · Oct 2026
In development

Survey plan; adjoining-owner details blurred.

Preliminary floor plan of Hogar Casa Feliz, a 57-bed assisted living facility in Bayamón, Puerto RicoAssisted living
Bayamón, PR2026Development & Advisory

Hogar Casa Feliz

57 beds · 2 levels · ≈18,900 sq ft

Two-level, 57-bed assisted living facility in Bo. Hato Tejas: functional program, room matrix and site plan.

Role
Program, room matrix and site plan
Status
Program and preliminary design
In development

Preliminary design plan.

Preliminary floor plan of Guaynabo Senior Paradise, a 75-bed assisted living facility in Guaynabo, Puerto RicoAssisted living
Guaynabo, PR2026Development & Advisory

Guaynabo Senior Paradise

75 beds · 7.24 acres · ≈27,500 sq ft

Two-level, 75-bed assisted living facility. The program moved to a senior living campus on the east side of the island.

Role
Site plan, floor plans and multi-tranche capital stack
Status
Paused since August 2026
Paused

Preliminary design plan.

Conceptual site plan of Jardines de Loíza, a single-family home in Loíza, Puerto RicoSingle-family home
Loíza, PR2025Development & Advisory

Jardines de Loíza

1 single-family home

Development of a single-family home with a financial design coordinated with local incentives.

Role
Mixed-source financing structure
Status
Completed
Completed

Conceptual illustration.

Conceptual illustration of a topographic survey of parcels in Arecibo and Manatí, Puerto RicoLand
Arecibo and Manatí, PR2025Development & Advisory

Land survey and consulting

4 parcels

Topographic survey and evaluation of a parcel portfolio in two municipalities as the basis for future development.

Role
Topographic survey and strategic land consulting
Status
Completed
Completed

Conceptual illustration.

Other division mandates

  1. Development & AdvisoryEastern PR2026

    Senior care home with NMTC · 80 beds

    Co-principal and NMTC structuring

    Eligibility analysis: the census tract qualifies as Deep Distress (52% poverty, income at 57% of AMI). Seven-year interest-only NMTC debt structure with potential forgiveness in year 7; architecture, engineering and legal team identified.

    In developmentLand acquisition under negotiation
  2. Development & AdvisoryEastern PR2026

    Hybrid senior living campus · ~60 beds + 8–10 lots

    Developer · own plans and capital

    A 57–60 bed care home combined with holding or selling lots from an approved plat. Replaces the campus planned for the metro area.

    In developmentLand under negotiation
  3. Development & AdvisoryPuerto Rico2026

    Continuum-of-care master plan · 125-bed base case

    Master plan and business plan

    Four models: long-term care home, CMS/Medicare-certified SNF, 62+ affordable housing and continuing-care campus. SBA, HUD, CMS, Family and Housing compliance; NMTC, LIHTC, CDBG and USDA financing; OPPEA 2024 socio-demographic profile.

    CompletedPlan delivered
  4. Development & AdvisoryMetro area2026

    Assisted living · 108 beds under NMTC

    Project manager (success fee)

    Project management under an NMTC structure for private sponsors: milestone-based contract, engineering coordination and financing path.

    PausedPaused
  5. Development & AdvisoryWestern PR2026

    Residential development · 38 three-bedroom units

    Project listing broker · no ownership interest

    Approved location consultation and agency recommendations; build-and-sell base case at the approved density; data room available only after a signed NDA.

    ActiveInvestor due diligence

FAQ

Development and land.

What does a real estate feasibility study include?

A feasibility study answers whether a project can be built, sold or leased, and financed on the proposed site. It combines five fronts: market (demand, absorption, comparable prices or rents), regulatory (zoning, land use, required permits and endorsements), physical (acreage, topography, infrastructure and flood risk), financial (hard and soft costs, pro forma, sensitivity and returns) and capital (debt, equity and applicable incentives). The deliverable ends with an explicit recommendation: proceed, redesign or discard.

How is land evaluated for development in Puerto Rico?

First we confirm what the land is: ownership and liens in the Property Registry, acreage per survey, current zoning and land use, access, available infrastructure (water, power, sewer) and flood exposure. Then we determine what the land can be: the highest-value use that regulation allows and the market absorbs, with its density, permitting path and cost. That analysis sets the land's value to sell it, develop it or contribute it to a partnership.

What experience does CAHB have in assisted living and senior housing?

It is the line with the most mandates on record: programs and plans for 57- and 75-bed facilities, an 80-bed care home with NMTC structuring, project management of a 108-bed project under NMTC, a continuum-of-care master plan with a 125-bed base case and the acquisition valuation of an operating 44-bed home. Each mandate appears with its actual status in the portfolio.

Consultation

Evaluate your land or project.

Tell us the location, the use you have in mind and the approximate scale. We reply with the analysis required and its scope.

Office
Bayamón, Puerto Rico
Markets
Puerto Rico · Florida
Capability Statement
Download PDF · Oct 2026
Languages
Español · English
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