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The Classic at Hillcrest Greens Alt

40%Unrealized Leveraged IRR
3.0xUnrealized Multiple
5%NOI CAGR over 10 Years
$30MTotal Development Cost
$10MEquity
60%Operating Margin
4.0xDebt to Ebitda
Size180,000 SF

Market Opportunity

Greater Eau Claire region of WI severely undersupplied for affordable senior / assisted living. Rising demographic of senior citizens. Opportunity to take control of financially distressed / troubled golf country club. Partnership with bank / lender securing encumbrance on club. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus.

Cras mattis consectetur purus sit amet fermentum. Donec ullamcorper nulla non metus auctor fringilla. Donec id elit non mi porta gravida at eget metuec id elit non mi porta gravida at eget metus. Nullam id dolor id nibh ultricies vehicula ut id elit.

Approach

Design and develop best in class senior living facility. Partner with seasoned senior living operators / managers. Collaborate with municipal representatives and community. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus.

Cras mattis consectetur purus sit amet fermentum. Donec ullamcorper nulla non metus auctor fringilla. Donec id elit non mi porta gravida at eget metuec id elit non mi porta gravida at eget metus. Nullam id dolor id nibh ultricies vehicula ut id elit.

Vivamus sagittis lacus vel augue laoreet rutrum faucibus dolor auctor. Curabitur blandit tempus porttitor. Etiam porta sem malesuada magna mollis euismod. Nullam quis risus eget urna mollis ornare vel eu leo. Donec ullamcorper nulla non metus auctor fringilla.

Results

Ground break in 2011 for Phase I of facility. Grand opening in 2013 fully occupied. Expansion in 2018. Currently 100% occupied with estimated wait list of 12 months. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus.

Cras mattis consectetur purus sit amet fermentum. Donec ullamcorper nulla non metus auctor fringilla. Donec id elit non mi porta gravida at eget metuec id elit non mi porta gravida at eget metus. Nullam id dolor id nibh ultricies vehicula ut id elit.

Vivamus sagittis lacus vel augue laoreet rutrum faucibus dolor auctor. Curabitur blandit tempus porttitor. Etiam porta sem malesuada magna mollis euismod. Nullam quis risus eget urna mollis ornare vel eu leo. Donec ullamcorper nulla non metus auctor fringilla.

Let’s Talk About Your Next Investment

We’re always open to conversations with investors who share our long-term outlook. Whether you’re exploring multifamily real estate for the first time or looking for an experienced operating partner, we’d like to hear from you.