Property details
Midwest Value-Add Assisted Living Portfolio, Great Lakes - Big Rivers Region
Property Description
Midwest Value-Add Assisted Living Portfolio
600+ bed portfolio of assisted living facilities in the Midwest.
Portfolio of 30+ buildings in about 20 markets across two states
Seller prefers one sale but will consider dividing the portfolio
Assumable HUD debt in place securing most of the portfolio
Approx. $1m in cash only needed to assume this debt (buyer must be HUD approved)
Recent financial performance produces a nearly 20% cash on cash return
Asking price of $55,000,000, an 8.6% cap on recent net operating income
Value add opportunities within the portfolio
The state shown is a Midwest example only.
Images
Highlights
- Status:
- Available
- Price:
- $55,000,000
- Cap Rate:
- 8.60%
Property Information
- Property Type:
- Senior Housing
- Industry Type:
- Senior Housing
- Units/Spaces:
- 600
- 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.