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Active Deal: Maravida

We are excited to announce another Assisted Living Facility deal under contract. 

 

Our underwriting utilizes strict, conservative criteria to ensure strong investor returns despite potential headwinds in the economy. Preliminary projections are 13% average yearly cash-on-cash returns & 3.0–3.5x Equity Multiple for passive investors over a 5 year hold period.

 

Our reservation list is filling up fast, so please let us know of your interest in order to reserve your spot.

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Property Information

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​​Maravida is a 173-bed, 153-unit senior living portfolio consisting of four stabilized facilities across high-growth Florida markets: Sarasota, Brandon, Lakeland, and Orange City.

 

This value-add investment targets increased NOI through conversion of assisted living units to memory care, raising average rents from $3,700 to $6,000.

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  • Sarasota: 37 units | 44 beds
     

  • Orange City: 42 units | 45 beds
     

  • Lakeland: 32 units | 38 beds
     

  • Brandon: 42 units | 46 beds

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Investment Highlights:

 

  • Acquisition Price: $13,000,000 ($75,145/unit)

  • Projected IRR: 28.2% | Equity Multiple: 3.0–3.5x | Average Cash-on-Cash: 13%

  • Target Hold: 5 Years | Preferred Return: 7%

  • Capital Raise: $7.5M

  • ​Minimum Investment: $50,000

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Why We Like This Deal

 

  • Stabilized asset with 20%+ below rent than average

  • Proximity to Location: Florida attracting more than twice the number of Baby Boomers compared to North Carolina, the second-ranked state. Very strong inflation, recession, and rent collection proof business model.

  • Strong Partnerships: 50+ years of combined real estate experience. 5,500 units, including 771 senior living units. Board of Directors for the Florida Assisted Living Association.

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This private offering is only open to our investors, so please keep this confidential.

 

Clicking on the “Reserve my spot” button will NOT bind you to invest in this deal and we will provide all the necessary investor documents prior to your commitment. However, you are taking other investors' spots, so please do make your best effort to be able to deploy what you reserve.

 

You have access to this deal because of a pre-existing relationship with Simone and/or Rodney Bolton and have previously expressed interest in hearing about multifamily investment opportunities. This opportunity is private and we request that you keep it confidential.

 

This summary is for informational purposes and to gauge potential investor interest. It is not intended to be a general solicitation or a securities offering of any kind. Prior to making any decision to contribute capital, all investors must review and execute all private offering documents, including the Private Placement Memorandum. The information contained herein is from sources believed to be reliable, however, no representation by Sponsors, either expressed or implied, is made as to the accuracy of any information on this property and all investors should conduct their own research to determine the accuracy of any statements made.

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