For Sale: Belvedere Commons Seniors Housing Portfolio – 272 Units

Belvedere Commons

 

The JLL Healthcare Capital Markets Group has been exclusively retained to present this opportunity to acquire the fee simple interest in a five-community independent living, assisted living and memory care portfolio located in Florida, South Carolina and Tennessee.

The Offering provides investors with the opportunity to acquire five senior housing communities consisting of 272 units across three states. The five properties include 15 independent living units, 151 assisted living units and 106 memory care units. The portfolio offers investors the opportunity to establish a presence in the desirable Southeast United States, or to bolster their existing footprint in the area. The communities were opened between 1996 and 2006, designed and built with a uniform and attractive atmosphere that gives them a timeless appeal that is integrated into the surrounding neighborhoods. The architecturally appealing properties were developed adjacent to walkable, transportation-oriented community centers.

Investment Highlights

  • 99% private-pay
  • Significant upside potential through stabilization and expansion
  • Desirable southeastern United States markets
  • Located in attractive markets with strong income and age demographics
  • All communities are strategically located within close proximity of hospitals and medical services
  • Common branding between all five communities make them easily recognizable

Contacts

Alan Ursillo
Senior Vice President
+1 213 239 6329
alan.ursillo@am.jll.com

Curtis Fowlie
Vice President
+1 858 410 1218
curtis.fowlie@am.jll.com

Mindy Berman
Managing Director
+1 617 316 6539
mindy.berman@am.jll.com

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