The Symphony Portfolio
Four Senior Living Communities in Florida
Jones Lang LaSalle (“JLL”) is pleased to present the Symphony Portfolio, which consists of four best-in-class, highly amenitized assisted living and memory care facilities located in high-growth markets across the state of Florida. The 412-unit portfolio has an average vintage of 2015 and has been immaculately maintained with significant capital investments to maintain “like new” facilities and entice new residents. Strong demographic tailwinds coupled with positive leasing and operational momentum stemming from a recent operator change indicate the properties are poised to continue to improve on their increasingly strong performance.
Portfolio Summary
LOCATIONS: |
Tallahassee, Ocala, Stuart, and Delray Beach |
TYPE OF OFFERING: |
Four assisted living & memory care properties |
NUMBER OF UNITS: |
412 units |
OCCUPANCY: |
79% (March 2023) |
Investment Highlights
- Rapidly growing markets with favorable demographics
- Basis below replacement cost with mitigated lease-up risk
- Cash-flowing value-add opportunity with strong momentum and immediately attainable cost reductions
- High quality construction with significant capital investments
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