Cornerstone at Hauppauge
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Cornerstone at Hauppauge

Hauppauge, NY

Residential - Senior Housing

Due Diligence

Our Role

RPL provided acquisition due diligence services on behalf of an institutional equity partner.

Unique Approach

  • Helped investigate existing conditions of aging community.
  • Developed appropriate improvements plan and capital expenses budgets.


  • Property acquired and financed.
  • Improvement plan put into action.

Scope of Work

A 55+ age restricted rental townhouses with parking and other related improvements. Features include a clubroom with resident lounge, fireplace, caterer’s kitchen, billiards, fitness center, outdoor kitchen, and nature trails.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Hauppauge, NY
  • Size: 98 units, 2 floors, 110,134 SF
  • Timeline: 2020 to 2021
  • Services: Due Diligence
  • Cost $20 Million
  • Architect: H2M Architects + Engineers
  • Contractor: Bartone and Pellerito Construction Services