Tag: Assisted living business in Maryland Assisted living business in Maryland
Haven Senior Investments is proud to present a 22 unit, 44 bed memory care community located in the San Joaquin Valley and Fresno MSA. Fresno is the fifth largest city in California and largest inland population in the state. The community is currently owned and operated by a local family who are retiring after many years of ownership.
Fresno County is approved for the California Assisted Living Waiver (ALW) program. The ALW program is a highly sought after California program, which will allow a new owner to restructure the Community to capitalize on the extremely high demand in the market for government subsidized, assisted living and memory care. The community is currently operating with 27 residents in place. However, an optimized per-unit utilization may be achieved through participation in the ALW program, which has a higher demand in the subject area than private-pay as well as higher per-bed rates. By dedicating 50% of the facility’s beds to ALW, the average per-bed rate increases by nearly 20%, while allowing for a higher utilization of the licensed bed count. Post-ALW stabilized revenue is over $2,500,000, which represents a 34% increase. Further accounting for additional labor and other costs associated with increased bed count as well as higher acuity care, shows EBITDAR to increase by 25% to $750,000, operating at a 29.7% profit margin.
The physical plant has been well maintained and updated over the years requiring very little in additional capital expenditure. Recent improvements include roof, flooring, HVACs, appliances and paint.
- In place cashflow with significant upside.
- 11% Cap Rate going in, 21% Cap Rate post repositioning.
- Opportunity to recognize ~32%+ leveraged IRR over 5 year hold period.
- Recent and significant renovations to the property = turn key physical plant.
- Fresno is the 5th largest city in CA. This community is 15 miles from downtown Fresno.
- Excellent reputation in the local market.
Haven Senior Investments is proud to present a 33,981 sq.ft. medical hospital building that was constructed in 2009. It was operated as a hospital under several different names until around 2019 when it was re-marketed as a medical office building. The first floor was reconfigured from a food service/patient service area to an office for a physician group. Current tenant’s lease will terminate soon and food service, patient waiting room and emergency room area could easily be restored. The second and third floors comprise 23,824 sq.ft. and remain outfitted as hospital rooms (single and double occupancy) many rooms with furniture and fixtures remaining. Each room has a restroom and lavatory area, as well as a closet. There are valves in the walls of each room for oxygen plus two other features. Most all patient rooms are on the window walls of the building with support room facilities in the inner core of the floor. There are multiple nurse stations on each floor and a mail station on each with a securable file cabinetry, monitoring screens for each room and telephone lines. Each of the two floors have office rooms for support staff, x-ray and other ancillary functions central to the support of a hospital environment. There is one public elevator and one freight elevator that service the three-story building. The building has an external stairway for fire protection as well as an internal sprinkler system and hoses on each floor. There are lockable doors that function to secure one-half of each floor separate from the other half. The condition of the flooring, walls, paint, ceilings, etc. would be considered exceptional considering the time is has sat without occupancy. The leasing market in this area has been such that the cost of converting the hospital rooms to office space was greater than could be justified by the office rental rate. This has contributed to the opportunity that is now at hand for the right operator. Modifications to ready the building for a new rehab or small hospital use would be far easier than any conversion of a building used previously for other purposes.
Haven Senior Investments is pleased to offer this lovely residential care facility located just north of Houston, Texas. Fully renovated by the current ownership in 2019, this Assisted Living has been lovingly appointed with warm and modern details, which make it feel like a cozy home. Currently operating at full capacity, the residents are all private pay. The average monthly room rate is approximately $4,000 which we believe to be below market value, adding growth and upside potential to future revenue. NIC Map Vision Data indicates strong market need for AL beds in the immediate local area.
• 18% cash on cash return with potential SBA financing.
• Fully staffed, including a licensed administrator.
• Current occupancy at 100%.
• Rural, boutique community – with room to expand.
• Serene and quiet location
• NIC Map / Vision data shows strong need for AL beds in this growing market
Haven Senior Investments is pleased to offer this 21 unit, 27 licensed bed, residential care facility located in a lovely community just outside of Kansas City. Current NOI is $147,000 and the offering is priced at a 12 CAP. This community has been lovingly owned and operated by a sole proprietor for over 35 years, who is now ready to retire. The community opened its doors in 1986 with a mission to provide a setting full of friendships, activities and fun for residents without the worries of daily living. Currently one of the most affordable private pay facilities in the Kansas City metro area, with an average monthly rent rate of approximately $2,420, the community also makes a few beds available to Missouri’s generous Medicaid program. Located just off of I-70, it is conveniently located for easy access and visibility. The backyard and terrace of the community abut a lovely town park where children play and summer concerts fill the air. A large area Medical Center is a half mile away and the Kansas City Airport is a short drive by car.
Haven Senior Investments is pleased to present a 60-unit Assisted Living/Senior Housing Facility near Atlanta GA. This facility was originally built as a personal care home and was most recently used for behavioral health. The real estate, now vacant, has been repossessed by the lender, who is an eager seller. The 30,000 square foot building sits on 1.34 acres in an area with a strong need for both AL and MC. At just over $100 a square foot, this may be the best development opportunity in the Atlanta area. Market site report and building plans available upon request.
Haven Senior Investments is thrilled to present a remarkable assisted living community located in Southern California. Boasting a sprawling 5.52 acre lot, this 96-bed community has recently secured approval for the coveted California Assisted Living Waiver (ALW) program.
The ALW program is in high demand throughout California, presenting a golden opportunity for a new owner to capitalize on the immense market need for government-subsidized assisted living and memory care services. With the approval in place this opportunity stands ready to be transformed into a thriving community, catering to the growing demand.
The community currently houses residents in single occupancy, private pay rooms, and with some minor policy and procedure changes advised by leading ALW reimbursement experts, the potential to accommodate 5 to 8 new residents per month becomes apparent. This targeted approach will steadily lead the community to reach maximum occupancy and a projected 25% operating margin, translating to an impressive estimated EBITDAR of approximately $1.04 million.
The physical plant has been well maintained over the years and requires minimal capital expenditure for an ALW community. Moreover, the unique floor plan allows for efficient grouping of residents based on acuity levels, ensuring a seamless transition during the lease-up period without major disruptions to operations. In addition, two adjacent parcels totaling 5.26 acres, previously approved by the city for skilled nursing and assisted living, are also available for sale. The current owners, who possess Independent Living apartments on a nearby parcel, are open to a First Right of Refusal for interested parties.
Don’t miss this exceptional chance to participate in the thriving ALW market. The recent ALW program approval, strategic floor plan ideal for memory care or higher ALW Tier levels, substantial building size, large lot and additional adjacent parcels make for tremendous growth potential. Supported by a dedicated long-term staff, this is a truly unique opportunity to make a significant impact in the senior care industry.
Contact Haven Senior Investments today to embark on a journey towards transforming this community into a thriving haven for seniors, while securing your own prosperous future in this high-demand market.
ID#049343 Approximate Beds/Units: 70/60 Location: Madison
Haven Senior Investments in pleased to to offer a Personal Care Home that is a 30-bed Assisted Living Community nestled in the rolling hills of central Pennsylvania. This facility has been family owned and operated for over 20 years, which contributes to its cozy environment and happy residents. The facility is conveniently situated in a high-traffic corridor. NIC Vision data indicates strong demand for assisted living in the immediate market area. The current owner has maintained a steady business with strong occupancy throughout her tenure. As of April 2023, the occupancy remains steady at 96% with a waiting list of interested residents. This facility does not accept Medicaid but does accept Supplemental Security Income (SSI) for those eligible in Pennsylvania on a limited basis. Rental rates currently average $4,128 per month, which is below average for the area and offers opportunity for a new owner to bring the monthly income up to current rates. Additionally, the 5-acre lot provides plenty of room for potential future expansion. This facility provides a rare opportunity for both new and existing Seniors Housing owners to acquire a stabilized, turnkey operation.
• Owner willing to stay on during transition, if desired.
• Well maintained facility with experienced and committed staff.
• Conveniently located close to hospitals and major transportation routes.
• Very consistent occupancy and net operating income.
• Large parcel with plenty of room for expansion
ID#038260 Approximate Beds/Units: 60 Location: Emmaus
ID#037250 Approximate Beds/Units: 16 Location: Portland
ID#023926 Approximated Beds/Units: 25 Location: Pipestone
Haven Senior Investments is proud to introduce an 18-bed, fully occupied, facility with the opportunity to increase revenue to market rates – 17% increase in room rate increases – NOI by over $200,000. This facility is offered significantly below replacement cost. Current cash on cash return at 20% before any changes. There is tremendous upside by realizing moderate increase in monthly rates. The original ownership is ready to retire. This is a large facility with recent expansion. There is 100% occupancy.
Haven Senior Investments is pleased to offer this beautifully maintained Assisted Living Community located in south central Illinois. Originally built in 2008, this 13-unit (16 licensed beds) Assisted Living Community is offered along with adjacent parcels of land which include a two-bedroom single family home (where the owners currently reside) a garage/workshop, and 2 large storage sheds. This Community is currently owned and operated by a husband-and-wife team who are ready to retire. Over the past few years, they have stabilized the facility and added several modern systems and technologies to streamline day-to-day operations.
• Strong, stabilized business performance offering long term care, daily care, and respite care.
• Single family home and additional structures included with sale of Community.
• Numerous systems and applications streamline operations, including: Deputy Employee Scheduling, Gusto Payroll Systems, Groves Menu Systems, Relias Employee Training System, and more.
• Extensive recent capital improvements including new lighting, alarm system, new fencing & landscaping, and numerous new fixtures, including a commercial range, freezer, ice maker, washer/dryer, and hot water tanks.
• Full back -up generator.
Haven Senior Investments is proud to introduce a Memory Care business and portfolio that was founded by an RN in 2010 and is based on her belief that there is a better way of providing a safe, secure environment for persons with dementia related illnesses. The communities are specifically designed to complement the needs of individuals with dementia. The portfolio consists of three campuses and a total of five 12-unit buildings. Each of the campus locations is within an hour drive time and provides market coverage in the southern Illinois and St Louis area. The buildings are extremely well maintained and were constructed between 2011 and 2018. Each building has twelve private suites with ensuite bathrooms and are spacious enough to allow residents to bring their personal belongings and furnishings to have familiar things surrounding them. The design and size of the floor plan provides for ease of movement for the dementia resident without an overwhelming feeling of being lost. Demand is strong for memory care in this region as exhibited by the needs analysis reports attached to this offering. This facility is currently operating at 100% occupancy with a wait list. Staffing has been a recent challenge for the owners, so they have opted to consolidate and leave one of the buildings unoccupied. The financials presented represent the historical and current operations of the 4 fully occupied buildings. The offering does include a fifth building, which is currently vacant by choice.
VALUE HIGHLIGHTS: 4 fully occupied buildings producing over $700,000 NOI. The offering includes a 5th building on campus currently vacant by choice and is ready for buyer to lease up. There is a solid need for memory care in the local market as evidenced by the Needs Analysis Report (available for review). There is the ability to significantly increase NOI: Bringing 5th building online increases NOI by $180,000, normalizing expenses to industry standards adds another $233,000 to NOI. The Facilities are strategically located within an hour’s drive of St. Louis, MO, Terre Haute IN and Champaign IL. The Resident Manager/Director oversees operations at each location for turn-key operation. The business maintains an outstanding reputation in the industry.
VALUE PROPOSITION: BRING 5TH BUILDING ONLINE. The 5th building on campus is furnished and ready to be brought on line by a new owner. The current waiting list and NIC MAP Vision Data indicates plenty of need for 5th building = Increases NOI by $180,000 and NORMALIZE EXPENSES TO ACHIEVE INDUSTRY MARGINS – a profit margin of 27% increases NOI by another $233,000.
ID#013715 Approximate Beds/Units: 150 Location: Olympia Fields
ID#013715 Approximate Beds/Units: 150 Location: Olympia Fields
ID#004419 Approximate Beds/Units: 74 Location: Paris
ID#004418 Approximate Beds/Units: 60 Location: Mulberry
ID#004417 Approximate Beds/Units: 70 Location: Clarksville
ID#004416 Approximate Bed/Units: 72 Location: Greenwood
ID#004415 Approximate Bed/Units: 72+74+60+70+more (Portfolio) Location: Multiple Locations
ID#009186 Approximate Beds/Units: 28 Location: Daytona Beach
ID#010836 Approximate Beds/Units: 80 Location: Northeast of Atlanta
ID#043188 Approximated Beds/Units: 40/28 Location: Houston
ID#043187 Approximate Beds/Units: 20 Location: Memphis
ID#006806 Approximate Beds/Units: 60/51 Location: Broomfield
ID#005525 Approximate Beds/Units: 18 Location: Sacramento
ID#042333 Approximate Beds/Units: 149 Location: Sevierville
ID#043186 Approximate Beds/Units: 196 Location: Port Arthur
ID#009190 Approximate Beds/Units: 68/45 Location: Ormond Beach
ID#009187 Approximate Beds/Baths: 32+23 Location: Central Florida/Ocala
ID#009185 Approximate Beds/Units: 34 Location: Fort Lauderdale
ID#009183 Approximate Beds/Units: 71/43 Location: Pompano Beach
ID#023925 Approximate Beds/Units: 24 Location: North Central
ID#043185 Approximate Beds/Units: 80 Location: Waco
ID#025819 Approximate Beds/Units: 194 Location: Kansas City
ID#010513 Approximate Beds/Units: 94 Location: Blairsville
ID#009346 Approximate Beds/Units: 48/24 Location: Quincy
ID#023840 Approximate Beds/Units: 58 Location: Maple Plain
ID#022731 Approximate Bed/Units: 89 Location: Benton Harbor
ID#018625 Approximate Bed/Units: 250 Location: Lake Charles
ID#015543 Approximate Beds/Units: 35 Location: Winterset
Haven Senior Investments is pleased to introduce a turn-key, fully occupied, senior living portfolio located in Kentucky. This investment opportunity offers a new owner strong and immediate cash-flow and an investment footprint into the fast-growing senior housing market.
The combined 70 units across the portfolio offers economies of scale that support efficient operations and more profitable margins. The communities are currently fully occupied with a waiting list of interested residents. Local market Needs Analysis Report shows strong need for both AL and MC in the Louisville area, which further supports the current occupancy. All of these factors, combined with a wonderful Executive Director and seasoned staff, bring together a winning combination, which provides stellar care to the residents and a lucrative investment for the new owner.
- Over $1 million in NOI
- 10 Cap
- Strong yield for stable communities (14% levered cash on cash return)
- True turn-key investment with little owner involvement
- Strong local Louisville market need for both AL and MC – site analysis reports to be provided with OM
ID#043182 Approximate Beds/Units: 48 Location: Bowie
ID#043183 Approximate Beds/Unit: 16 Location: Conroe
ID#043181 Approximate Beds/Units: 120 Location: Jacksonville
ID#043179 Approximate Beds/Units: 80-120 Location: Ft. Worth
ID#010835 Approximate Beds/Units: 64 Location: Johns Creek
ID#010833 Approximate Beds/Units: 24 Location: Loganville
ID#042332 Approximate Beds/Units: 96 Location: Franklin
ID#042331 Approximate Beds/Units: 53-60 Location: Franklin
ID# 020616 Approximate Beds/Units: 16+16+12+32 Location: Baltimore
ID# 019524 Approximate Beds/Units: 16 Location: Frankfort
ID#0090170 Approximate Beds/Units: 30/58 Location: Lake Alfred
ID#0060815 Approximate Beds/Units: 86 Location: Limon
ID#038259 Approximate Beds/Units: 74/52 Location: McKees Rocks
ID#026943 Approximate Beds/Units: 44 Location: Big Fork
ID#020841 Approximate Beds/Units: 15 Location: Bowie
ID# 0050522 Approximate Beds/Units: 49 Location: Mill Valley
ID#021847 Approximated Beds/Units: Under 40 Location: Worcester County
An associate firm is pleased to introduce an “under 40 bed” facility residing on over 6 acres of land. This is a wonderfully maintained assisted living with census 90%+.It comes with an apartment and plenty of parking. The facility is fully staffed and ready to go. If you’re thinking “old mansion” converted into an assisted living, you’d be way off. This home, though originally built in 1940, has been improved and ready for the 21st century. Half baths adjoin all the rooms along with ample shower rooms, dining room, etc. There is plenty of extra acreage that is beautiful as is, or one could consider adding something like expanding the assisted living.
ID#020842 Approximate Beds/Units: 16 Location: Millersville
ID#0090161 Approximate Beds/Units: 40 Location: Central – East Florida
ID# 0050524 Approximate Beds/Units: 34 Location: TBD
ID#049342 Approximate Beds/Units: 19 Location: Green Bay
Haven Senior Investments is pleased to offer this lovely residential care facility located between Kansas City and Topeka, Kansas. Built in 2018 and recently improved by the current ownership, the facility has been lovingly appointed with warm and modern details, which make it feel like home.
Currently operating at full capacity, the community’s residents are primarily private pay. The community accepts strong Medicaid residents, some of which acquire a Single Case Agreements, which augments those whose rent payments do not meet the facility’s minimum monthly rates. This assures a strong basis for monthly revenue.
NIC Map Vision Data indicates strong market need for AL beds in the immediate local area.
ID#043173 Approximate Beds/Units: 40 Location: Missouri City
ID#0038154 Approximate Beds/Units: 62/74 Location: Phoenix
ID#023924 Approximate Beds/Units: 210-229 Location: Burnsville, Brainerd, and St. Cloud
ID#023919 Approximate Beds/Units: 32 Location: Duluth
ID#043170 Approximate Beds/Units: 28 Location: Livingston
ID#025818 Approximate Beds/Units: 60 Location: Kimberling City
ID#0090168 Approximate Beds/Units: 40 Location: Hollywood
ID#0090171 Approximate Beds/Units: 43 Location: Lake Worth
ID#0050518 Approximate Beds/Units: 34 Location: Kerman
ID#023921 Approximate Beds/Units: 16+16=32 Location: Central & Northern MN
ID#010817 Approximate Beds/Units: 25 Location: Marietta
ID#0090159 Approximate Beds/Units: 26 Location: Clearwater
ID#0038151 Approximate Beds/Units: 20 Beds Location: Tucson
ID#041322 Approximate Beds/Units: 22 Location: Salem
ID#033104 Approximated Beds/Units: 150 Location: Undetermined
ID#022855 Approximate Beds/Units: 100 Location: Wayne
ID#032246 Approximate Beds/Units: 30/19 Location: Suffolk County
ID#090178 Approximate Beds/Units: 120+ Location: Miami
ID#033103 Approximate Beds/Units: 96 Location: Greensboro
ID#038255 Approximated Beds/Units: TBD Location: Oakmont
ID#0050519 Approximate Beds/Units: 58/90 Location: Jamestown
ID#036235 Approximate Beds/Units: 87 Location: Tulsa
ID#049340 Approximate Beds/Units: 20 Location: Pulaski
ID#044662 Approximate Beds/Units: 50 Location: West Jordan
ID#044661 Approximated Beds/Units: 20 Location: Cedar City
ID#043175 Approximate Beds/Units: 55 Location: Hill Country/Central Texas
ID#043171 Approximate Beds/Units: 241 Location: Tomball
ID#043168 Approximate Beds/Units: 16 Location: Conroe
ID#042328 Approximate Beds/Units: 166/83 & 14/14 Location: Harriman
ID#041320 Approximate Beds/Units: 21 Location: Sioux Falls
ID#040316 Approximate Beds/Units: 52 Location: Eastover
ID#040315 Approximate Beds/Units: 40 Location: TBD
ID#037249 Approximate Beds/Units: 39 Location: Springfield
ID#037247 Approximate Beds/Units: 30 Location: Bandon
ID#037246 Approximate Beds/Units: 34 Location: Nehalem
ID#033102 Approximate Beds/Units: 100 Location: Greensboro
ID#033100 Approximate Beds/Units: 66 Location: Raleigh
Haven Senior Investments is pleased to introduce a 50-bed Assisted Living Facility. This is a turn-key investment with experienced, long term staff in place. The facility is a newly remodeled community in a desirable and quiet neighborhood. It has a stellar reputation and very stable occupancy. It is the sole facility within a 20-mile radius providing Assisted Living and Memory Care services and is located just blocks from the Medical Center. The resident units include kitchens, private bath, walk in shower and large closets. This 5-apartment community is large enough to provide economies of scale to maximize business operations yet cozy and warm enough to feel like home. Although the community has 50 separate units, the facility is licensed for up to 66 residents. Highlights include a total AL Units of 50 that are all-private. There are 12 deluxe 1 BRs w full kitchens & patio, 10 deluxe 2 BRs w full kitchen & patio, and 28 Standard 1 BRs w kitchenette. The average rent is $3,137 and the occupancy is at 95%.
ID#026942 Approximate Beds/Units: 26 Location: Ft. Benton
ID#024936 Approximate Beds/Units: 30+32=62 Location: Central Mississippi
ID#024935 Approximate Beds/Units: 54 Location: Southeast Mississippi
ID#022864 Approximate Beds/Units: 30 Location: Near Grand Rapids
ID#022859 Approximate Beds/Units: 20+16=36 Location: Auburn
ID#022856 Approximate Beds/Units: 15 Location: Saginaw
ID#022854 Approximate Beds/Units: 18 Location: Manton
ID#018723 Approximate Beds/Units: 120 Locations: Natchitoches
Haven Senior Investments is pleased to introduce a 27,872 SF Assisted Living Facility with 48 Units. The facility is currently at 100% occupancy. This is a turn-key investment – $1,200,000 NOI, 15$ Cash on Cash (approx.). The facility has high-end appointments and built-in management. There is a dedicated and stable staff. The facility caters to high-end memory care residents and maintains a waiting list. It is a vibrant community and has local culture. There is very strong market demand.
ID#013714 Approximate Bed/Units: TBD Location: Adams County, Suburban Central Illinois
ID#012158 Approximate Beds/Units: 16+16 Location: Hailey
ID#0090177 Approximate Beds/Units: 110 Location: Hollywood
ID#0090175 Approximate Beds/Units: 135 Location: Sanford
ID#0090174 Approximate Beds/Units: 90 Location: Sumter County
ID#0090172 Approximate Beds/Units: 40/60 Location: Pensacola
ID#0090167 Approximate Beds/Units: 30 Location: Miami
ID#0090165 Approximate Beds/Units: 35 Location: Ft. Lauderdale
ID#0090160 Approximate Beds/Units: 73 Location: Central South
ID#0090158 Approximate Beds/Units: 12-22 Location: Dover
ID#022861 Approximate Beds/Units: 20 Location: Portage
ID# 0050523 Approximate Beds/Units: 96 Location: Pasadena
ID#0050517 Approximate Beds/Units: 58-60 Location: Turlock
ID#0050516 Approximate Beds/Units: 40 Location: Bakersfield
ID#0038156 Approximate Beds/Units: 111 Location: Peoria
ID#0038155 – Approximate Beds/Units: 123 Location: Tucson
ID#0038153 Approximate Bed/Units: 20 Beds Location: Kingman