ID#015105    Approximate Beds/Units:  125 beds – 4 facilities    Locations:  3 Locations – Cedar Rapids/Linn County

Another firm is pleased to introduce a portfolio with 125 beds encompassing three locations/four facilities with an average year built of 1987. Established in 1993, these communities are locally owned, operated, and dedicated to comprehensive senior care. The portfolio offers studios and suites in three facilities and a fourth building with twelve one-bedroom independent living units on one of the sites totaling 125 units. Currently, one facility is vacant and perfect for memory care with the market needing a more affordable product. This upside could add at least $135,000 to the bottom line at a 90% expense ratio for the new revenue. In addition, there are some efficiencies in the expenses that can further increase the cash flow. They are designed to provide security and community, allowing seniors to maintain independence while benefiting from a supportive and safe living environment. The facility’s amenities include an in-house chapel and nutritious, gourmet meals. The seller is committed to delivering the comforts of home, with a focus on creating a welcoming atmosphere. The facilities are fully staffed with 50 employees. This business and the portfolio are ripe for the next level.