Corporate Overview Akeela Development Corporation (ADC) is a not-for-profit
title holding corporation [501(c)(2)] affiliate of Akeela Inc. Our primary
function is to provide and maintain the facilities which Akeela Inc requires
for the provision of their clinical services and business operations. Revenues are
primarily generated through property leases. The amount of annual revenues in
excess of operational expenses and reserves is donated to Akeela Inc. Currently
ADC has approximately $11 mil in property under management and expects to
increase that amount significantly in the near future. We are also involved in
numerous health policy, research, and program development efforts.
Business Model/Practice Our business model seeks to maximize access to both commercial
and public financing by leveraging one against the other. Our ability to use
current assets to secure and collateralize corporate financing makes us
attractive to public finance while access to public financing provides an added
source of comfort and security for the corporate lenders. While this hybrid
private/public model compels us to compete in the commercial debt market, we
are not faced with the same internal expectations vis-à-vis returns on
investment as are private developers. Expectations for ROI are generally measured
by whether the facility serves its intended purpose well, our ability to meet
debt service, and maintaining R&R reserves at acceptable levels.
