
MorningStar of Happy Valley
14391 Southeast Princeton Village Way, Happy Valley, OR, 97015, US
7 739 mètres carrés
JLL Seniors Housing Capital Markets (“JLL”) is pleased to exclusively offer for sale Baldwin Park (“Community”, “Baldwin Park”), a locally-dominant majority independent living senior housing community located in Staunton, VA. Baldwin Park has a very strong occupancy history, averaging 93% over the trailing 24 months through February 2025. The Community provides a continuum of care across two buildings with 85 independent living, 30 assisted living and 21 memory care units. The independent living building was constructed in 1987 and the assisted living/memory care building was constructed in 2003, and both have received numerous capital improvements. Baldwin Park is the preeminent senior living community in the market and represents an opportunity for investors to acquire a high-quality IL/AL/MC community with stabilized historical performance and strong pricing power.
Dominant Performer with Exceptional Growth
Baldwin Park is the dominant community in the market, with an average 93% occupancy over the trailing 24 months and average 91% occupancy over the trailing 7 years including COVID. As the go-to senior living destination in the market, the Community provides durable occupancy and consistent growth.
Continuum of Care
The Community benefits from a continuum of care with 136 units of independent living, assisted living and memory care. This continuum is well knows for creating higher overall occupancy by majority self-filling the AL/MC segment through internal transfers and is a major marketing benefits for independent living prospects.
Robust NOI Growth
Baldwin Park has been able to increase NOI by greater than +140% since 2022 and +30% since 2023 (vs T-6 avg), while maintaining stabilized occupancy and a strong path for continued NOI growth.