PACIFIC PARTNERS SENIOR LIVING
OPPORTUNITIES
Current Opportunities
New Construction | 60-Unit/72-Bed MC
North Palm Beach | FL - FULLY FUNDED
•Under Contract to Purchase the Community at $283k/unit, at Certificate of Occupancy
• Brand New State of the Art Construction, Class A Location of North Palm Beach, FL
• Projected 5 Year Return: 20% IRR with 1.9x Multiple and an Exit Cap Rate of 7.5%
Pacific Partners Senior Living Portfolio
Tequesta Terrace | 100 Units | 62 AL & 38 MC
Tequesta | FL
•Acquisition of a 2001 Construction AL & MC Community for $16,000,000 ($160k/Unit) at Prime US WY 1 Location
• Senior Population 75+ Year Old Growth Rate at 12.7% Per Year with $2.6M Net Worth within 5 Miles Radius
• Projected 5 Year Return: 21.7% IRR with 2.5x Multiple and an Exit Cap Rate of 7%, Based on 5-Year Hold
82-Unit Assisted Living & Memory Care
Tampa | FL
•Purchased at only $144K Per Unit - Well Below Replacement Cost
• In 2019 Pre-Pandemic, NKF Appraised Value of $15.3M 'As-Is' and $17.2M 'Upon Stabilization
• Projected 5 Year Return: 26% IRR with 2.9x Multiple on Modest Lease-Up, Stabilized Occupancy, Operating Margin, and Exit Assumptions
Brookdale Waterside Landing | Acquisition of 175-Units Assisted Living Margate | FL
•Property was Previously in Escrow for $16.4M Prior to COVID Pandemic.
• Reposition Strategy Includes $6.5M Renovations and Converting 22 Assisted Living Units into 24 Memory Care Units
• Projected 5 Year Return: 30% IRR / 3.4x Equity Multiple
Acquisition of 40-Unit/40-Bed Memory Care Facility
Scottsdale | AZ
•Rare 40-Unit Memory Care Senior Housing Facility Located in the Most Affluent Phoenix Suburb of Scottsdale/Paradise Valley, Arizona.
• Value-Add Opportunity at Below Replacement Cost - $127k/unit Acquisition; $157k/unit Total Cost Basis Including Renovations
• Projected 5-7 Year Return: 24% IRR / 2.2x Equity Multiple
Brookdale Walnut | Acquisition of 89 Unit AL, & MC
Walnut, CA
•Acquired 89 Unit Senior Housing Community consisting of 78 Assisted Living, and 11 Memory Care units
• Projected 5-Year Return: 19.9% IRR / 2.4x Equity Multiple
• Below Replacement Cost - $129k/unit Acquisition; $190k/unit Total Basis Including Renovation
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Best Independent Living
by U.S. News
2022-2023
Regency | Acquisition of 72 Unit IL, AL, & MC Sacramento, CA
• Acquired 72 unit senior housing community consisting of 28 IL, 34 AL, and 10 MC units
• Purchased at 8% cap rate with 11.5% cash on cash return over next 5 years
• Negotiated discount in purchase price and navigated a successful closing despite the uncertainty surrounding COVID-19