Prescient Innovation Continues with Completion of Two Senior Living Projects

Colorado-based company continues to expand national footprint with
faster, cheaper and greener results in Florida and Colorado

ARVADA, Colo.–(BUSINESS WIRE)–Prescient, a fully integrated, proprietary and patented design,
engineering, manufacturing and installation solution for the
construction industry, announced today the completion of two senior
housing projects located in Stuart, Fla., and Lonetree, Colo.

This marks Prescient’s entry into the senior living category, increasing
the company’s presence across the multi-unit housing spectrum in five
categories, including: market-rate apartments, student dorms, hotels and
armed forces housing.

The company’s most recent senior living project, Providence Living at
Stuart, owned by Providence
One Partners LLC
and located in Stuart, Fla., is a
108,000-square-foot, two-story structure that includes 68 assisted
living units and 32 memory care suites. The project was designed by Baker
Barrios
and constructed with F.M.
Harvey Construction
.

The company’s first senior living project, MorningStar
at Ridgegate
, owned by MorningStar
Senior Living
, features one-story, three-story and five-story
interconnected wings built using Prescient’s proprietary software and
framing system. The 250,000-square-foot project consists of 124
independent living units, 71 assisted living units and 29 memory care
suites. The project was designed by Lantz
Boggio Architects
, built by Haselden
Construction
and developed in conjunction with Jirsa
Hedrick Structural Engineers
.

“Our system is ideal for senior living projects,” said Satyen Patel,
chairman and CEO of Prescient. “The Prescient platform is significantly
more cost-efficient compared to concrete or wood, and our ability to
accommodate different types of units allows us to trim months off
typical construction schedules, which means minimized neighborhood
disruption and an expedited track to earnings, return on investment and
project internal rate of return for developers.”

Prescient structures consist of a combination of pre-assembled steel
posts, trusses and panels that are custom-manufactured using Prescient’s
proprietary design software. The system is a viable option for senior
housing projects because it is a non-combustible solution that minimizes
disruption in the areas surrounding the construction zone and reduces
the need for rework, helping owners meet timelines and budgets.

Prescient, which recently expanded its Arvada headquarters and
manufacturing facility and broke ground on an East Coast manufacturing
plant in Mebane, N.C., is on track to complete nearly 2 million square
feet of projects during 2016 in market-rate apartments, hotels, armed
forces housing, student housing and senior living segments in Colorado,
Florida, Georgia, Illinois, Missouri, Nebraska, North Carolina, Oklahoma
and Texas.

About Prescient

Prescient is a software design, engineering, manufacturing and
installation company that provides an innovative design platform made of
light gauge structural steel that offers a faster, greener and more
cost-effective alternative to conventional building structures.
Prescient provides multi-unit housing up to 16 stories high, including
apartments, student housing, senior living, hotels and armed forces
housing.

The Prescient platform is:

• Durable: it will not rot, warp, shrink, split, crack or creep and is
resistant to moisture and insect infestation.

• Lightweight: it is easy to handle and is straight, uniform and
consistent in quality.

• Strong: cold formed steel has the highest strength-to-weight ratio of
any building material, so Prescient meets the highest seismic and wind
load specifications with allowable stress values ranging from 21,000 to
33,000 pounds per square inch.

• Fire Resistant: the Prescient system is non-combustible, does not burn
or contribute fuel to the spread of a fire and may help secure lower
insurance rates.

The company is backed by Kanusul Investments Pte. Ltd., a private equity
fund based in Singapore. For more information, visit the
company website
, Twitter
feed or Facebook
page
.

Contacts

MAPR
Melissa Christensen, 720-833-5918
mchristensen@mapr.agency