Property details

NNN Senior Living Equity Investment | 25% Ownership, Southeast Region

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Property Description

NNN Senior Living Equity Investment | 25% Ownership

$4,000,000 equity investment.

Owner is seeking an equity investor for their value-add senior living property that has a huge upside on the way.

Owner is currently onsite in Alabama, repositioning the property, the operations, the employees, the management and all things related to marketing and refilling of the property – including renovating the interior of 25 rooms and commenced leasing of those rooms at market rents.

The owner has decided to open up their asset to an equity partner.

This asset has already been purchased (they are not seeking seed money to close on a deal).

The owner has a cost basis on this Senior Living Community of $12 Million.

The projected value-adding will take the value of this asset to more than $27 Million!

With this $15 Million of upside, they are interested in sharing/divesting of a portion of their ownership, to bring liquidity to their little organization by selling 25% of the ownership of this property (by way of TIC or the LLC ownership sale of the property) to a passive investor who invests $4.0 Million.

This new equity investor will enjoy return of their equity investment upon refinance of the asset (plus surplus), when the value-adding is completed in 2 - 2.5 years.

To refinance back the $12 Million and the Investors $4.0 Million, the owner will only need a 60% LTV loan.

The owner will likely refinance for the maximum LTV, and the proceeds will be split accordingly to the ownership interest, thereafter – the cash flows from holding and operating the property.



Net Lease Properties For Sale



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Highlights

Status:
Available
Price:
$4,000,000
Cap Rate:
25.00%
 

Property Information

Property Type:
Net Lease
Industry Type:
Senior Housing
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.