Independence
The frameworks, the market studies, the occupancy reports. They exist to move capital, not protect it. Nordon was built to close that gap.
The Stack
Fourteen diligence workstreams sit between a senior housing LOI and a close. Ten anchor in seller-provided data. Four are partially independent but scoped to questions other than this asset's commercial position. Nordon is the only independent diligence in the stack built to answer what the seller's data cannot answer. That is the structural weakness in how capital underwrites this asset class, and the gap Nordon closes.
Track Record
100%
Senior housing capital focus
27
Global team members
7
Scoring dimensions per diagnostic
The Problem We Solve
The offering memorandum is a selling document. The market study was commissioned by the seller. By the time capital arrives at the table, the information environment has been shaped by people with a reason to present the asset favorably.
Operators need to know how to run an asset. Investors need to know whether to buy it. These are different questions. The tools built for operators (occupancy benchmarks, rate comparisons, census data) do not answer what capital actually needs to know.
Capital that discovers a market position problem post-acquisition has no path to repricing. The diagnostic moment is before the commitment. That is the only point in the process where evidence changes the outcome.
A summary deck tells the committee what the analyst thinks. A defensible position shows them the evidence, the confidence levels, the risk tiers, and the recommendation. It holds up to the scrutiny of the room.
How We Work
Principle 01
We are not engaged by sellers. We are not affiliated with operators. Every diagnostic is produced for the capital side, from external signals only. That is the only way the output means anything.
Principle 02
Every data point carries a label: Verified, Observed, Inferred, or Unavailable. We do not smooth over uncertainty. We name it, grade it, and let capital decide what weight to give it.
Principle 03
The deliverable is not a report for your desk. It is the document your VP of Acquisitions walks into the investment committee with. Forty-five minutes. A defensible position. A clear recommendation.
Frequently Asked Questions
Everything you need to understand what Nordon does, how we do it, and whether we are the right firm for your deal.
Nordon is a senior housing market diagnostics firm. We produce structured, evidence-graded market assessments for capital allocators evaluating senior housing assets.
Traditional market studies are commissioned by sellers. Nordon diagnostics are built for the capital side of the transaction. It is an investment committee-ready assessment of whether a specific asset's market position supports the investment thesis.
No. Nordon has no financial interest in the assets we assess and no affiliation with any operator, developer, broker, or seller.
No. Nordon is investor-side only. We do not work for operators, developers, brokers, or sellers. Our independence is the reason our output holds up in the room.
A structured, evidence-graded market assessment of a specific senior housing asset, evaluated across seven scoring dimensions with a clear recommendation.
We structure diagnostics around your deal process: Pre-Acquisition, Active Due Diligence, Pre-Commitment, and Portfolio Monitoring.
Seven scored dimensions, confidence labels on every data point, severity classifications, and a clear recommendation delivered as an IC Memo and IC Presentation.
Yes. We offer structured multi-asset engagements scoped individually based on the number of assets and your timeline.
Exclusively from external, independently observable data signals. We do not rely on operator-provided data as a primary source.
Every claim carries a confidence label: Verified, Observed, Inferred, or Unavailable. Capital deserves to know the difference.
Critical, Material, Moderate, and Watch. Each finding is classified by how significantly it affects the investment decision.
Proceed, Proceed with Conditions, Pause for Further Review, or Do Not Proceed.
An IC Memo and an IC Presentation. Both designed for direct use in your investment process.
The memo is the analytical document for careful readers. The presentation is built for the committee room.
Yes. The IC Presentation is designed for direct use in your committee process.
Yes. A demonstration diagnostic excerpt is available on the Nordon website and can be shared on request.
Submit a request through the website or email contact@nordonadvisory.com. We respond within two business days.
Yes. All inquiries and engagements are treated as confidential from first contact.
Timeline is confirmed at scoping. We commit to delivering within the timeline we agree at engagement.
Pricing is confirmed at scoping. We give you a clear number before any commitment. No surprise fees.
No. We do not accept engagements from sellers, operators, or developers.
No. Our compensation comes entirely from the diagnostic engagement fee.
A specialist in the senior housing capital market whose work is complementary to ours and whose standards meet the bar our clients expect.
Reputation without reservation, integrity as a non-negotiable, and complementary scope.
A podcast about the senior housing capital market, co-hosted by Lanie Krugel and Jerry Vinci.
The podcast is an extension of the thinking behind the Nordon methodology. It is not a marketing tool.
Our DNA
We hold ourselves to the standard capital allocators hold us to. That means independent data, honest uncertainty, and recommendations that hold up in the room.
We do not present the comfortable answer. We present the evidenced one. Where the evidence is weak, we say so. Where it is absent, we name the gap.
We are not built for the news cycle. We are built for the deal cycle. Every decision we make about the firm is made for the long term.
Our clients trust us with information they have not shared publicly. That trust is not a feature. It is the foundation. We operate accordingly.