Hilco Real Estate Opens Bidding for Senior Living Facility
Hilco Real Estate Accepting Offers for Senior Living Facility
Hilco Real Estate is excited to announce that they are now accepting offers for a fully operational assisted living and memory care facility. This opportunity is set to captivate investors interested in the burgeoning senior living sector. Located in a dynamic market, this facility is not only an impressive asset but also offers significant operational income potential
Atrium at Liberty Park: A Prime Opportunity
The facility up for bidding is Atrium at Liberty Park, a commendable senior living establishment known for its quality services and resident care. This state-of-the-art building, encompassing approximately 120,500 square feet, boasts 135 beds, comprising 108 for assisted living and 27 dedicated to memory care. It was built with resident needs in mind and has been effective in creating a secure and enriching environment for its residents.
Atrium at Liberty Park has demonstrated strong financial performance, generating an impressive cash flow and approximately $2 million in annual revenue. This financial stability makes it an attractive option for investors seeking immediate operational income, positioning it as a prime acquisition in a market that continues to expand.
A Growing Market
This offering comes at a time when the demand for quality senior living facilities is rising sharply. The surrounding region showcases remarkable demographic trends, with a substantial portion of the population being older adults. As per recent estimates, a significant segment of the community is individuals aged 65 and above, reflecting a growing need for dedicated senior care services.
Atrium at Liberty Park benefits from a strategic location that enhances its appeal. Its proximity to comprehensive healthcare networks, including leading hospitals and rehabilitation centers, positions it favorably within the market. Families appreciate the convenience of nearby medical services, which are vital for seniors, especially those requiring specialized care.
Comprehensive Services Offered
The facility is designed not just as a residence, but as a community where comprehensive care is provided 24/7. The staff ensures that residents receive personalized attention through services like medication management and assistance with daily activities. Engagement is fostered through a diverse lifestyle program that promotes physical and mental well-being, including fitness classes and social outings.
With its commitment to resident safety, Atrium at Liberty Park integrates modern call systems and monitoring technologies, ensuring that all residents feel secure and cared for. This holistic approach contributes to maintaining a high occupancy rate and robust revenue generation.
Jonathan Cuticelli, vice president at Hilco Real Estate, noted the significance of this offering, indicating that owning Atrium at Liberty Park represents a valuable opportunity to invest in a thriving sector. His insights reflect the broader market trends favoring senior living facilities.
Key Information for Interested Bidders
Potential buyers must note that bids are due by a specific deadline. Interested parties need to submit their proposals before this date, ensuring all submissions adhere to the necessary criteria outlined in the terms of sale. Detailed guidelines are accessible for review to assist prospective buyers in their preparation.
It is crucial for interested buyers to thoroughly understand the sale process. Comprehensive information about the property, including due diligence documents, is made available to facilitate informed decisions.
Contact Information
For further inquiries or more detailed information, individuals can reach out to Jonathan Cuticelli or Daniel Miggins, both of whom are experienced in facilitating these types of transactions. Their expertise is valuable for any potential buyer looking to navigate the complexities of this investment opportunity.
Frequently Asked Questions
What is being offered by Hilco Real Estate?
Hilco Real Estate is accepting offers for Atrium at Liberty Park, a fully operational senior living facility.
What services does Atrium at Liberty Park provide?
Atrium at Liberty Park offers assisted living and memory care services, along with 24-hour nursing care and a diverse lifestyle program.
When is the bidding deadline?
Bids must be submitted before the specified deadline to be considered.
Who can I contact for more information?
Interested buyers can contact Jonathan Cuticelli or Daniel Miggins for further details about the bidding process.
What makes this property a good investment?
The facility is generating approximately $2 million in annual revenue, offers immediate cash flow, and is located in a market with significant demand for senior services.
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