top of page
Project Overview
We are building a portfolio of five senior living facilities across Alabama by aggregating underperforming assets with significant upside, renovating and professionalizing operations, repositioning rents, and leveraging Solinity’s proven operating platform.
Location
714 S. Gay Street, Knoxville, TN 37902
Total Rooms
90 rooms
Preferred Return
8-11% annually
Site Status
Development-ready with active permits
Development Highlights
Project Summary
-
Total Rooms: ~90
-
Total All-In Cost: ~$15.3M
-
Average Cost Per Room Post-Reno: ~$170K (vs. $260–300K replacement)
-
Target Stabilized Occupancy: ~85–90%
Investor Return Highlights
-
Preferred Return: ~8–11% annually
-
Target Equity Multiple: ~1.7–2.0x over 3 years
-
Target IRR: ~15–20%
Exit Strategy
-
Refinance or sale in ~3 years at ~7.5–8% cap rate
-
Return of capital + profit participation
The Crisis
A Brief Look at the Projects Powering the Platform
Interested in seeing the full details?
Download our investor brochure to explore all featured deals, project timelines, financial models, and team insights.
bottom of page