Market Research Report: Oak Hammock at the University of Florida

Company Overview

Oak Hammock at the University of Florida is a notable Continuing Care Retirement Community (CCRC) based in Gainesville, Florida, established in 2001. The community serves adults aged 55 and older, offering a vibrant lifestyle with lifelong learning opportunities through its affiliation with the University of Florida. This connection augments residents' access to educational and cultural enrichment facilitated by collaborations with university faculty and community professionals.

Location: 5100 SW 25th Blvd., Gainesville, FL 32608
Website: [oakhammock.org](https://www.oakhammock.org/)

Key Services and Features

Oak Hammock combines lifestyle with healthcare, providing contracts, pricing plans, rehabilitation, and specialized geriatric primary care available exclusively through UF Health Senior Care for residents. As a nonprofit senior living community, Oak Hammock engages in various philanthropic activities like the Oak Hammock Benevolent Fund.

Financial Overview

• Total Revenue (2023): $42.5 million

• Expenses (2023): $40.3 million

• Total Assets (2023): $121 million

• Estimated Annual Revenue: $59.7 million

• Revenue per Employee: $319,000

• Employee Count: 187 (12% growth over the past year)

Fitch Ratings affirms Oak Hammock’s 'BBB' rating with a stable outlook. A significant financial milestone includes the successful $16,645,000 Series 2021 Bonds transaction, leading to an annual net cash flow savings of over $1.1 million.

Leadership Team

Kevin W. Ahmadi

• Position: President & Chief Executive Officer

• Appointment Date: September 8, 2021

• Background: Recognized for strategic leadership in transforming organizational operations. Holds a Bachelor of Science in Health Care Administration from the University of Toledo. He benefits Oak Hammock through his expertise in health care management and strategic planning.

• Contact: [LinkedIn](https://www.linkedin.com/in/kevin-ahmadi-1a9156135) | Email: kahmadi@oakhammock.org | Phone: +1352-548-1000

Other Key Personnel:

• Derrick Smith - Chief Security

• Robert Stott - Director of Information Technology

• Nickie Doria - Director Sales & Marketing

• Anthony Lopiccolo - Director Plant Operations

• Christina Smoak - Life Enrichment Manager

• Kathy Cafazzo - Communications Coordinator

Governance and Strategic Direction

The Oak Hammock Board of Directors provides governance and strategic direction. Notable board members include:

• Judith "Judy" Russell, MSLS - Board Chair and Dean of University of Florida Libraries

• Peter F. Gearen, M.D. - Board Vice Chair

• Dr. Ann Horgas - Interim Executive Associate Dean, UF College of Nursing

Industry Position and Accreditation

Operating within the construction industry niche as a Life Plan Retirement Community, Oak Hammock benefits from a favorable position attributed to limited competition and its University of Florida partnership. Fitch Ratings reaffirms its 'BBB' rating, highlighting good cash-to-adjusted debt growth and strong maximum annual debt service (MADS) coverage as of September 2024.

Competitor Profiling

Florida Lemark Corporation

• Annual Revenue: $26.7 million

• Employees: 92

• Growth Rate: 10%

• Industry: General Contracting

Christopher Alan Homes

• Annual Revenue: $17.5 million

• Employees: 67

• Growth Rate: 12%

• Industry: Home Building (Established 2017)

Reynolds Painting Group FL

• Revenue: $10.2 million

• Employees: 44

• Growth Rate: 7%

• Industry: Commercial and Industrial Painting Services

Contact Information

• General Information: Phone: 352-548-1000

• Sales & Marketing: Phone: 352-548-1024

• Contact Page: [Contact Us](https://www.oakhammock.org/contact-us/)

Oak Hammock at the University of Florida exemplifies a unique blend of academic integration and active retirement living, distinguishing itself as an attractive choice for seniors seeking an enriching community environment.