Rest Assured Living Center | Memory Care Facility

Investment Highlights

• Sprawling, serene 20-acre parcel surrouned by numerous state parks
• Recently implemented a 4% rental rate increase community-wide and effective July 2, 2024
• Limited competition in the area, within a 20-mile radius
• Strategically located approximately 11 miles from UPMC Western Maryland, a 240-bed acute care hospital
• Flexible zoning may allow an incoming investor additional optionality with the parcel zoned by right for inpatient behavioral use

Offering Summary

Blueprint, in conjunction with Real Insight Marketplace, are pleased to present for sale the Rest Assured Living Center, a 22-unit, 33-licensed bed Memory Care Community in Meyersdale, Pennsylvania.  The Unit Mix consists of 6 private units and 16 semi-private units.  Situated on a 20-acre parcel, the community offers residents a full-suite of amenities expected of a seniors housing community while being in a spacious and serene environment and surrounded by numerous state parks.  The community enjoys limited competition, with only three competing facilities within a 20-mile ardius and is well-located approximately 11 miles from UPMC Western Maryland, a 240-bed acute care hospital.  The most recent occupancy stands at 76% but has a 4-year average occupancy of 89.7%.

Rest Assured Living Center is surrounded by an abundance of referral sources, including five acute care and critical access hospitals within a 50-mile radius of the community.  Of the five hospitals, there are two primary health systems, University of Pittsburgh Medical Center and Western Virginia University Health, totaling approximately 500 beds.  UPMC Western maryland is located 10.9 miles southeast of the community and is strategically situated to cater to Maryland's western region ensuring convenient access to high-quality medical services for residents.  Rest Assured Living Center's close proximity to this innovative hospital gives it a unique advantage when competing with other behavioral specific treatment facilities in the surrounding market, as the community will benefit from rehabilitation referrals, a reliable staffing source, and community demand for overnight behavioral services.