Everleigh Cape Cod_Property for Sale
Everleigh Cape Cod_Property for Sale
265 Communication Way, Hyannis, MA, 02601-1954, US

Everleigh Cape Cod

Asset Description

JLL Senior Housing Capital Markets (“JLL”) is pleased to exclusively offer for sale Everleigh Cape Cod, (“Property”, “Subject”, “Asset”, “Community”), a 225-unit luxury apartment community in the Village of Barnstable, the hub of Cape Cod. One of the only institutional-quality multifamily communities on Cape Cod, Everleigh Cape Cod features exceptional living experiences for active adults, combining the allure of coastal charm with the utmost in sophistication and style. With its thoughtfully designed homes, exceptional amenities, and picturesque surroundings, this development presents a unique investment opportunity for discerning buyers seeking a premium residential asset.


Offered alongside two undeveloped parcels totaling 15.4 gross acres available for future development, Everleigh Cape Cod comprises 225 exquisitely crafted homes averaging 953 square feet, each meticulously designed to offer a harmonious blend of comfort, elegance, and functionality. The residences feature spacious layouts, high-end finishes, and panoramic views of Cape Cod’s natural beauty. Designed with modern lifestyles in mind, the homes at Everleigh Cape Cod offer open concept living spaces, state-of-the-art kitchens, luxurious master suites, and expansive outdoor entertainment areas, perfectly catering to the needs and desires of residents.


Everleigh Cape Cod is the only community of its kind as a luxury, at scale active adult property on Cape Cod, and is offered at a substantial discount to replacement cost with inherent upside through the adjacent land and the ability to push rents. The Property is being offered free and clear of management and financing encumbrances, without a formal asking price, however there is the opportunity to partner with Greystar, the nation’s preeminent active adult operator.



Number of units
225 units
Building area gross
37,747 m²
Year built
Number of floors
4 floors
Land area gross
10 ha
Parking spaces


Investment Highlights


Leased at 90.2% with strong rents and excellent momentum, Everleigh Cape Cod offers investors a community with consistent cash flow yet significant upside.


Replacement cost today for comparable product is approaching $500k/unit including land, hard, soft and financing costs.


The last ten lease change outs reflect a weighted average increase of 5.7% effective $/sf with zero concessions across 5 renewals and 5 new move ins.


The Seller owns three parcels along Communication Way, only one of which is improved with Everleigh Cape Cod. There is tremendous demand for conventional multifamily on Cape Cod, while cottages/townhomes would be a unique product with hefty unmet demand. There are current approvals for 115 active adult or AL/MC units.

Everleigh Cape Cod 4_Property for Sale
Everleigh Cape Cod 4_Property for Sale

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Last updated
22 May 2024