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: 2-Story
- Asset Profile: Value-Add
- 5/31 Occupancy: 83.3%
- T3A Revenue $4.07M
- T3A NOI: -$2,512
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 76.81% (T12) to 83.3% (as of 5/31) with T12 revenue of $3.57M and T3A revenue of $4.07M reflecting accelerating marketing and pricing execution in this affluent submarket.
From an expense standpoint, the asset is operating virtually breakeven with T3A NOI at -$2,512 — 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.
