Eastern WA 78-Unit
A 78-Unit Assisted Living Community Located in Eastern WA
Asset Overview
Individual Asset Points
- Care Type: AL
- Unit Count: 78
- Year Built: 2002
- Design: 3-Story
- Asset Profile: Value-Add
- Occupancy: 90.41%
- T6A Revenue $3.61M
- T6A NOI: -$277k
- T3A NOI -$135k
This 78-Unit asset, built in 2002, is a 3-story, single-building community on a 4.17-acre lot offering a value-add AL operation with strong stabilization momentum. The unit mix spans Studios, Deluxe Studios, 1-Bedroom 1-Bath, and 2-Bedroom 1-Bath units.
The asset is showing strong upward trajectory from an occupancy and revenue standpoint. Occupancy has climbed from 80.05% (T12) to 88.17% (T3A) and reached 90.41% as of 3/31, with T6A revenue of $3.61M and T3A revenue of $3.93M reflecting accelerating marketing and pricing execution in this affluent submarket.
From an expense standpoint, the asset is operating at a T6A margin of -7.68% with T6A NOI of approximately -$278K, narrowing to -$135K at T3A as occupancy gains flow through — a clear value-add opportunity for future operators to drive into positive territory.
This asset offers future stakeholders an attractive value-add acquisition with rapidly improving fundamentals, a defensible position among only three nearby competitors.
