Exciting Opportunity in Assisted Living Investments
Hilco Real Estate is thrilled to announce two well-established assisted living facilities available for purchase. These properties stand out in the real estate market due to their operational success and favorable locations, making them attractive investments for those looking to grow their portfolios in the healthcare sector.
First Offering: The Courte at Citrus Heights
Located just 17 miles from downtown Sacramento, The Courte at Citrus Heights is a 27,768 square foot memory care facility featuring 48 units. With an impressive 87% occupancy rate, this modern establishment was built in 2016 and is specifically designed for comfort, independence, and accessibility for residents. The Courte utilizes recognized memory care programs, inspired by research from experts like Maria Montessori and Dr. Cameron Camp, aimed at enhancing cognitive function and encouraging resident engagement.
Access to Excellent Healthcare Services
This property benefits from being part of Sacramento's robust healthcare network, where healthcare and social assistance represent a significant portion of the workforce. The strategic location offers close proximity to various medical facilities such as the California Medical Center, UC Davis Medical Group, and Mercy San Juan Medical Center. It’s essential for potential investors to recognize the growing demand for specialized care in this region.
Second Offering: The Landing on Dundee
The second property on offer, The Landing on Dundee, spans approximately 86,789 square feet and features a five-story design catering to both assisted living and memory care needs. Located in Wheeling, Illinois, this community was constructed in 2019 and features a total of 100 units that can accommodate various resident needs with diverse floor plans, including private and semi-private studio options as well as one and two-bedroom apartments. Residents benefit from luxury amenities such as a spa, salon, fitness center, and an array of wellness services.
Understanding the Market Demand
Wheeling has a strong healthcare and social assistance sector, making it an attractive location for such facilities. The access to a skilled workforce and proximity to major hospitals positions The Landing on Dundee well within the growing senior living market.
Investment Potential and Operational Advantages
Both The Courte at Citrus Heights and The Landing on Dundee offer significant investment opportunities given their strong occupancy rates, solid operational frameworks, and locations near top-tier healthcare providers. These facilities are designed for seamless management transitions, addressing the needs of new owners while maintaining the established resident community.
Daniel Miggins, vice president at Hilco Real Estate Sales, emphasizes the appeal of these properties, stating, "Acquiring a turnkey investment in the assisted living sector provides immediate cash flow and an established resident base, making it a low-risk venture. With the demand for senior housing steadily increasing, investors have a unique chance to enter a thriving industry with potential for long-term growth."
Interested buyers should note these properties are available for individual sale. The deadline for bid submissions is set for 5:00 p.m. CT. Gathering all necessary information, including terms of sale and the Letter of Intent (LOI), can be done through Hilco Real Estate's official channels. Contact details for inquiries about these listings are available for direct communication with Hilco’s team.
Frequently Asked Questions
What are the main features of The Courte at Citrus Heights?
The Courte at Citrus Heights features a 27,768 square foot building with 48 memory care units, modern designs, and innovative care programs.
How many units does The Landing on Dundee have?
The Landing on Dundee comprises 100 units with a variety of floor plans to serve different resident needs, creating an apartment-style living experience.
What is the current occupancy rate of these facilities?
The Courte at Citrus Heights has an 87% occupancy rate, while The Landing on Dundee currently operates at 80% occupancy.
What is the importance of the location for these properties?
Both properties are situated near robust healthcare facilities, ensuring a thriving demand for their services from the local populations.
How can interested buyers obtain more information?
Buyers can visit Hilco Real Estate's website or contact their team directly for details about the sale process and property specifics.
