Property details

Senior Housing Portfolio For Sale, Great Lakes - Big Rivers Region

Property Description

Senior Housing Portfolio For Sale

Two Facilities.

Facility 1: Independent Living / ALF
Built in 2013
73 Units
Avg Base Rent (March 2019): $3,098
Avg Monthly Revenue Per Occupied Unit (Jan 2019) $5,612
Occupancy By Unit (March 2019) 84.7%
Occupancy By Bed (March 2019) 84.7%
Year 1 Pro Forma NOI $1,444,038
10 beds currently available.

Facility 2: Independent Living / ALF
Built in 1980
80 Units
Avg Base Rent (March 2019): $1,711
Avg Monthly Revenue Per Occupied Unit (Jan 2019) $4,078
Occupancy By Unit (March 2019) 99.0%
Occupancy By Bed (March 2019) 98.9%
Year 1 Pro Forma NOI: $1,230,074

Pricing: This portfolio is offered to the market unpriced.
Total NOI Year 1 NOI: $2,674,112

Price at 7.00% Cap: $38,201,600
Price at 7.25% Cap: $36,884,303
Price at 7.50% Cap: $35,654,827
Price at 7.75% Cap: $34,504,671
Price at 8.00% Cap: $33,426,400

Property Visitation: Prospective purchasers will have the opportunity to visit the Property via prearranged property tours only after initial offers have been presented, and only as approved by the Seller.

Operations: The property is offered free of any contractual operator/manager retention requirements. It is not the desire of the operator to retain operations.

Financing: The Property is offered free and clear of in place debt.

Offer Submission: Offers should be presented in the form of a nonbinding Letter of Intent spelling out the significant terms and conditions of Purchaser’s offers including, but not limited to: • pricing • due diligence and closing time frames • earnest money deposit amount • potential sources of debt and equity

Initial Offers: Due in the first week of May, 2019

Buyer responsible for 2.00% brokerage fee.

Senior Housing Properties For Sale


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Property Information

Property Type:
Senior Housing
Industry Type:
Senior Housing
Purchase Tenure:
Fee Simple

Existing financing information


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.