OR 57-Unit
A Value-Add 57-Unit Assisted Living Community Located in Oregon
Asset Overview
Individual Asset Points
- Care Type: AL
- Unit Count: 57
- Year Built: 1996
- Design: Single-Level
- Deal Profile: Light Value-Add
- 5/31 Occupancy: 97.5%
- T3A Revenue: $3.18M
- T3A NOI: $598k
- Scheduled Medicaid Increase: July 1, 2026 (3%)
This 57-Unit asset, built in 1996, is a single-level, single-building community on a 5.68-acre lot offering an AL operation trending toward full stabilization with strong day-one cash flow. The unit mix spans Studios, Alcoves, 1-Bedroom, 1-Bedroom Large, and 2-Bedroom units.
The asset is performing well from an occupancy and revenue standpoint. Occupancy has climbed from 94.32% (T12) to 97.5% (as of 5/31), with T3A revenue of $3.18M reflecting consistent marketing and pricing execution in a limited-supply market.
From an expense standpoint, the asset is trending toward stabilization with a T12 operating margin of 15.14% and T6A NOI of approximately $467K, with T3A NOI of $598K and margin of 18.79%, and expecting further increases supported by Oregon's scheduled Medicaid reimbursement increase on July 1, 2026.
This asset offers future stakeholders an attractive acquisition with durable occupancy, near-term stabilization upside, a contracted Medicaid rate tailwind, and additional optionality from 2.44 acres of adjacent undeveloped land that could support future expansion or monetization.
