The Meridian at Brandon

JLL Seniors Housing Capital Markets (“JLL”) is pleased to exclusively offer for sale The Meridian at Brandon (“Property,” “Asset,” “Community”), a premium 136-unit assisted living and memory care community in Tampa, Florida. Built in 2022, this modern Class A two-story community is located on a 5.94-acre parcel with a prime location at a well-connected intersection, offering excellent accessibility and visibility with a daily traffic flow of 43,000 vehicles. The Community’s performance has accelerated highlighted by substantial NOI growth with the rolling T3 NOI increasing by approximately 200% to over $1.8MM through November 2024 from February 2024. Additionally, occupancy increased from 69% to 88% over the last 12 months.

There is further upside in the Property’s final push to stabilized occupancy, burning off agency labor, and continued rent plus care growth. Additionally, there is a vacant adjacent lot which would be ideal for a future expansion.

The Property provides an investor with substantial upside at a discount to replacement cost in one of the most premier destination states in the nation for retirees. The Community is offered unencumbered by management and free and clear of debt.