Q1: Can we see how the Teton AI system works? Is there a video or visual demonstration available?

Answered by: Gina Machado & Jim Burnham

• Previous Webinar Content: The team has hosted a previous webinar solely dedicated to the Teton AI proactive care platform. Investors are highly encouraged to visit the official investor website investasl.com to watch the replay, which includes operational videos and detailed explanations of how the software runs.
• Core Technology & Integration: Teton is a passive optical sensor system installed in resident rooms. It requires no wearables, charging, or manual calibration by the resident.
• Privacy by Design: Leadership emphasized that the system does not record or stream live video or capture audio. The movement data is processed locally on-site. Staff members receive brief, completely anonymized, skeleton-like movement clips or silent notifications only when a safety risk (such as a predicted fall or out-of-bed movement) is detected.
• Regulatory Compliance: To deploy this system, ASL worked closely with and received the full blessings and regulatory approvals of the Pennsylvania health agencies responsible for oversight of senior health, safety, and privacy guidelines.

Q2: How many communities does Aquinas Senior Living currently have, where are they located, and are they profitable or mostly occupied?

Answered by: Stephen Schmid & Jim Burnham

• Portfolio Size & Locations: ASL currently operates 7 communities across the Mid-Atlantic region. Key geographic clusters are situated in Pennsylvania and include Lewisburg, Montoursville, and the State College region.
• Current Occupancy: The average portfolio-wide occupancy is currently hovering around 77% to 78%, with individual facility rates varying (some higher, some lower).
• Demographic Tailwinds: Strong market demand exists due to rapid demographic aging, positioning ASL’s mid-market communities extremely well.
• Reinvestment & Value Creation: As a growth-oriented firm, ASL actively reinvests operational cash flows directly back into physical plant upgrades, system rollouts, and staff training to maximize the long-term financial position and value of the real estate assets.

Q3: With seven new resident admissions in just this past week, are your facilities brand new and starting from empty?

Answered by: Jim Burnham & Stephen Schmid

• Establishment Age: The communities are established facilities rather than raw start-ups. They range in physical age from 5 years to roughly 20 to 25 years old (such as the Seneca / Penns Valley location).
• Portfolio Occupancy Benchmarks: Under normal operations, ASL targets an occupancy benchmark of 90% to 92%, which sits comfortably above the senior housing industry average of 88% to 89%.
• Opportunistic Acquisition Factor: The overall average of 77% to 78% is temporarily weighed down by a recent opportunistic turnaround acquisition. This particular facility had a vacancy rate approaching 50% when ASL took over. The team has recently modernized and reopened its second wing, which is currently filling rapidly with new admissions. This strategy allows investors to benefit from the discount of a turnaround asset while capturing high-upside growth as occupancy stabilizes.

Q4: Why does the company have so many employees (approximately 200)? What is your staffing methodology?

Answered by: Jim Burnham

• Flexible Scheduling Philosophy: While ASL employs approximately 200 individuals across its 7 communities, this number reflects head-count rather than full-time equivalents (FTEs). The company purposefully supports flexible scheduling, utilizing a balance of full-time and part-time caregivers based on worker preferences to drive high retention and workplace satisfaction.
• Proprietary Staffing Model: ASL employs a proprietary staffing model refined over Jim Burnham’s 25+ years of industry experience. This dynamic model scales care hours precisely to matching the localized acuity (care needs) of the residents in each facility.
• Safety Baseline: The staffing baseline is strictly engineered to maintain emergency coverage, regulatory compliance, and localized safety parameters across all shifts.

Q5: What are the company’s plans for the remainder of the year, including any expansion goals?

Answered by: Stephen Schmid & Jim Burnham

• Workplace Modernization: ASL is migrating historical “paper-and-pencil” administration methods to an integrated, cloud-based Human Resources Information System (HRIS) starting in July. This will streamline onboarding, credentialing, payroll, and benefits.
• Workforce Upgrades: Continuing the rollout of elite training models, specifically the Certified Dementia Practitioner (CDP) certification across all facilities and pursuing the prestigious “Purple Flag” accreditation.
• Capital Improvements: Executing budgeted physical plant upgrades across the properties to keep them modernized and premium.
• Inorganic Growth: ASL is actively evaluating potential expansion opportunities and opportunistic acquisitions within its primary Mid-Atlantic footprint.