
Hopebridge - Rockledge, FL
1026 Pathfinder Way, Rockledge, FL, 32955, US
827 m²
JLL Seniors Housing Capital Markets (“JLL”) has been exclusively retained to sell The Alto Orlando 2-Pack (“Alto 2-Pack”, “Portfolio”), a collection of two Class-A seniors housing communities located in the Orlando market. The 250-unit / 258-bed assisted living and memory care portfolio is comprised of Alto Clermont in the western Orlando suburb of Clermont, Florida (“Clermont”) and Alto Tavares located in the northwestern Orlando suburb of Tavares, Florida (“Tavares”). Opened in 2012-2014, the Portfolio features nearly-stabilized occupancy and strong achieved rent growth. The Alto Orlando 2-Pack provides an investor a strategic presence in the Orlando markets with Class-A steel-frame buildings in waterfront setting with very close proximity to hospitals and numerous medical offices. The Alto Orlando 2-Pack provides an opportunity to acquire a premier portfolio of Class-A properties in the Orlando market and restabilize them with the benefit of additional value-add levers to achieve superior growth.
The Alto Orlando 2-Pack is offered free and clear of management contract and unencumbered by debt. The offering is highly confidential and all communication regarding this opportunity should be directed to the JLL Seniors Housing contacts listed below. No unauthorized attempts should be make to tour the property, or contact a member of ownership or management without written consent.
Well-Amenitized Expansive Steel-Frame Communities
The 2012/2014-vintage Portfolio are expansive with approx. 50% common area space across the combined 250,000+ SF portfolio.
Nearly Stabilized Occupancy with Strong NOI Growth
The Portfolio is 87% occupied with strong upwards trends towards full stabilization.
Achieving Full Market Rent and Robust Rent Growth
The Portfolio is achieving full market rate over the the 33 YTD leases and has been able to capture significant average rent plus care growth of 30%+ since 2019.
Deep & Growing Senior Population
The communities are in the heart of incredible growth markets with the age 65+ populations increasing by over 100% since 2010 and expected to increase by a further 20%+ over the next five years.