Brown Gibbons Lang & Company | Real Estate Partners has been retained by ownership to offer qualified investors the exceptional opportunity to acquire one of the newest post-acute rehabilitation centers in the U.S. NeuLife Rehabilitation (the “Property” or “Building”) is located in Mount Dora, Florida and consists of approximately 64,224 rentable square feet with 54 private residences situated on 43 acres in Lake County, Florida (greater Orlando area). The Property is owned and operated by NeuLife Neurological Services, LLC (“NeuLife” or the “Company”).
NeuLife is one of the newest post-acute rehabilitation centers in the U.S., the largest residential rehabilitation facility of its kind in the Southeast, and the first new center in Florida in more than 15 years. The Company’s programs are advanced and specially designed to treat complex, catastrophic cases requiring sophisticated rehabilitation therapies for individuals with traumatic brain injuries (TBI), spinal cord injuries (SCI), and other catastrophic diagnoses. NeuLife admits clients at its Mount Dora location from any anywhere in the U.S. and internationally.
NeuLife’s Mount Dora Facility was established in 2014 and operates as an innovative, fully accessible, residential post-acute care program. The Property includes 54 private suite accommodations with many complementary rooms to support therapy, recreation, ancillary services, and community integration. Programs and care are delivered by a staff of over 100 professional clinicians, including physicians, physical therapists, occupational therapists, speech language pathologists, behavioral counselors, nurses, life skills technicians, and other professionals.
Investment Highlights
- Supported by a 15-year absolute-net lease with a proposed Year-1 NOI (Net Operating Income) of $1,541,376 and 2% fixed annual escalations.
- NeuLife is a 64,224 RSF state-of-the-art post-acute rehabilitation facility with 54 private suites located on 43 acres (32.78 acres developable) in greater Orlando, Florida.
- One of the newest post-acute rehabilitation programs in the U.S. and one of the newest and largest residential rehabilitation facilities of its kind in the Southeast.
- NeuLife plans to add facilities in new geographic locations and expand operational divisions over the next 3-5 years, including four (4) de novo 25-bed Micro Residential Rehabilitation Centers (“MRRCs”), forty (40) residential homes for rehab clients, and thirty-two (32) group homes for Intellectual and Developmental Disabilities (“IDD”).
- NeuLife has experienced a 67% CAGR in net revenue from 2014 through 2016 and is forecasting significant additional growth of over 20%.
- NeuLife is uniquely positioned to take advantage of the $98 billion post-acute care industry through its 5-year growth plan which is estimated to increase revenue to $87 million and EBITDA to $17 million.
Call for Offers: Thursday, May 11, 2017
Submit questions and offers to: Christopher L . Stai | cstai@bglco.com
View the Executive Summary for more information.
Bypass the online summary and directly execute the Confidentiality Agreement.
Christopher L. Stai, CPA | Managing Director
Brown Gibbons Lang | Real Estate Partners
Direct: 949.936.2665 | cstai@bglco.com
Clinton J. Parker | Managing Director
Brown Gibbons Lang | Real Estate Partners
Direct: 210.352.5832 | cparker@bglco.com
Andrew R. Larwood | Director
Brown Gibbons Lang | Real Estate Partners
Direct: 312.658.4756 | alarwood@bglco.com
Allen C. Inman | Director
Brown Gibbons Lang | Real Estate Partners
Direct: 312.658.4754 | ainman@bglco.com
Jennifer Stein | Senior Advisor
Brown Gibbons Lang | Real Estate Partners
Licensed FL Real Estate Broker # CQ1048764
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