SENIOR LIVING

Our senior housing portfolio is focused on five key segments in the senior living continuum: active adults, private-pay independent living, assisted living, memory care and continuing care retirement communities (CCRCs). Unlike a traditional health care REIT which invests in hospitals, skilled nursing, medical labs, and medical office buildings along with senior housing, our program avoids commercial buildings as well as acute and post-acute facilities in favor of private pay, amenities-rich, professionally staffed and managed, income-producing senior housing properties with strong regional and local demographics.
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Each property in our portfolio must meet the following criteria:

  • Class “A” institutional quality, independent living, assisted living and memory care acuity mixes; andCCRC’s
  • NIC Map® Top 140 Primary and Secondary Markets
  • High barrier to entry markets and/or limited competition
  • Strong employment base and surrounding residential markets
  • Close proximity to major medical, retail and higher educational services
  • Deal size: $15M – $75M (individual or portfolio)

PROPERTIES

The Wellington Senior Housing

OPERATING

The Wellington
Senior Housing

4522 S 1300 E
Salt Lake City, UT

Acquired: Feb 2018
Purchase Price: $48.5M
Beds/Units: 140/119
Square Feet: 105,143
Care: Independent, Assisted

The Charleston Senior Housing

OPERATING

The Charleston
Senior Housing

100200 N 4600 W
Cedar Hills, UT

Acquired: Feb 2018
Purchase Price: $13M
Beds/Units: 78/64
Square Feet: 52,429
Care: Independent, Assisted

OPERATING

Cottonwood Creek
Senior Housing

1245 E Murray Holladay Rd
Salt Lake City, UT

Acquired: Feb 2018
Purchase Price: $17M
Beds/Units: 136/112
Square Feet: 94,637
Care: Independent, Assisted

Courtyard at Mt Tabor Senior Living

OPERATING

Courtyard at Mt Tabor
Senior Housing

6125 SE Division St
Portland, OR

Acquired: Aug 2018
Purchase Price: $92M
Beds/Units: 323/309
Square Feet: 252,141
Care: Independent, Assisted, Memory