Senior Living & Care : Land Development

• Suitable for development and operation of a Senior Living & Care Facility, which offer either or all of the following: Independent Living, Assisted Living, and Memory Care.
• Appropriate zoning / entitlements in place, or within development-friendly jurisdictions that provide for the ability to secure them in the short term.

$15,000,000 to $35,000,000, inclusive of purchase price and costs required for construction / value enhancement.

Generally, 4 to 10 acres depending upon density restrictions, height limitations and other factors.

Primary Market Areas (within a 5-mile radius) that demonstrate high concentrations and positive growth trends generally consisting of:

• Income Qualified Seniors (seniors 75+ years old with Median HH Income exceeding $35,000)
• Income Qualified Adult Children (adults between 45 to 65 years old with Median HH Income exceeding $50,000)
• Median Owned Housing Values exceeding National and State medians

An appropriate balance between competitive supply of existing/planned projects, and qualified demand within the PMA, indicating favorable Penetration Rates.

• Hospitals / major medical facilities within five miles
• Retail shopping and other services within two miles
• Convenient access to public transportation
• Adequate supply of labor force