NeuroRestorative Houston
9951 Fannin Street, Houston, TX, 77045, US
€9,551,000 | 1,914 sm
JLL Seniors Housing Capital Markets (“JLL”) is exclusively offering for sale a newly constructed and near-stabilized assisted living and memory care community in a prime Connecticut submarket. The community is completing its initial lease up and producing exceptional NOI margins as it approaches 90% occupancy, promising to generate durable cash flows to a new investor. The property is located in one the most stable upscale towns in the greater Hartford MSA and is positioned to capture unprecedented market demand as demographics drive occupancy industry-wide and supply remains at a cyclical low point.
Process
JLL will evaluate initial offers from all interested parties at a date to be determined, and competitive bidders will be invited to tour the Property. Following tours, a best and final round of offers will be held and additional diligence information will be posted to the data room as it comes available. Please use the link below the access the electronic NDA and view the virtual teaser page.
We look forward to working with you on this opportunity and will be available to answer any questions.
New Vintage Quality Construction
Robust Operating Profit Margins with Significant Upside
The community has demonstrated an ability to produce NOI margins between 35% and 37% at pre-stabilized occupancy levels and has grown profits meaningfully as occupancy nears 90%. The market has supported strong rental rates and continues to drive leasing velocity.
Durable Demand Metrics in Primary Market
Located in South Windsor, Connecticut, the community draws from high density submarket of affluent residents with strong incomes and stabile longevity that supports the local seniors housing supply.