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Project Overview
A portfolio of five senior living facilities across Alabama, focused on acquiring underperforming assets with significant upside potential, enhancing value through renovations, professionalized operations, and rent repositioning—all while leveraging Solinity’s proven operating platform.
Location
Alabama
Total Facilities
5 facilities
Preferred Return
~8–11% annually
Site Status
Development-ready with active permits
Development Highlights
Project Summary
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Total Facilities: 5
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Estimated Total Beds: (insert current count – need John’s confirmation)
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Acquisition Price Estimate: ~$52–58M (negotiable)
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Target All-In Cost: (Acquisition + Rehab TBD – add placeholder)
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Average Cost Per Bed Post- Reno: (Insert est. vs. replacement cost ~$250- 300K/bed)
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Target Stabilized Occupancy: ~85–90%
Investor Return Highlights
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Preferred Return: ~8–11% annually
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Target Equity Multiple: ~1.7–2.0x over 3 years
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Target IRR: ~15–20%
Exit Strategy
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Refinance or sale post-stabilization at ~7.5–8% cap rate
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Return of capital + profit participation
The Crisis
A Brief Look at the Projects Powering the Platform
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