EXECUTIVE SUMMARY:

This offering is a 196-unit full-service retirement community, offering independent living and assisted living care. These operations have been serving the Modesto area for over 28 years.

Located on a large six and one-half acre, panoramic, beautifully landscaped setting, the property provides an ideal setting from which all residents can proudly call home.

The building offers large and attractive deluxe studio one-bedroom, and two-bedroom suites with Wi-Fi in each apartment. This community has been and remains the premier senior care option in the Modesto MSA. The community has a well established track record of unparalleled performance and occupancy. The June 2020 trailing 18-months occupancy was 97.4% for independent living and 98.1% for assisted living. As of December 2022 the T-3 occupancy has returned to 97.3%.

The current owner operator is looking to move on from this one of a kind generational asset and exit the industry. This is an excellent opportunity to acquire a well established turn-key community with significant additional upside available to the investor.