For Auction
Asset Snapshot
Offering Summary
Glenbrooke at Palm Bay
Premier Stabilized Senior Living Facility Asset Sale
Investor Tours/Dates: Please Contact the Newmark Knight Frank team to schedule a tour
September 24 & 25, October 1 & 2 , October 8 & 9
INVESTMENT HIGHLIGHTS
EXCELLENT LONG-TERM STRATEGIC INVESTMENT
Glenbrooke at Palm Bay, located in Palm Bay, Florida is a ~95% occupied Community that represents an excellent risk-adjusted acquisition for the next investor. Investors will capture value through maintaining high output returns at the Community which is running smoothly at a 40% net operating income (NOI) margin.
BEST IN CLASS SENIORS HOUSING INVESTMENT
The Community represents the opportunity to invest in a ~95% occupied, stabilized seniors housing property located in Palm Bay Florida with strong historical performance and significant upside through rental rate growth seasoning and operational efficiencies. Additionally, a generator in compliance with Florida regulation is currently being installed at the Property.
OUTSTANDING DEMAND PROSPECTS
National demographic trends have provided the qualitative basis for the community’s positive momentum in occupancy and rent growth suggesting that seniors housing market fundamentals will continue to improve in the short and long term.
LACK OF NEW SUPPLY IN SUBMARKET
Dearth of seniors housing supply presents the opportunity to corner the Palm Bay seniors housing market and provide valuable upside for the investor. With proven demand for Independent Living (IL) and Assisted Living (AL) in the market, the investment presents the opportunity to capitalize on a market already cornered by Glenbrooke Palm Bay.
THE OFFERING
Newmark Knight Frank (“NKF”), in conjunction with RealINSIGHT Marketplace, is pleased to offer qualified investors the rare opportunity to acquire an independent living and assisted living community totaling 170 units located in Palm Bay, Florida known as Glenbrooke at Palm Bay (the “Community” or “Property”). Currently ~95% occupied, the community offers investors an institutional-quality, stabilized building with limited downside risk and significant remaining upside potential. The Community’s sought-after location on the coast of Florida and its proximity near retail, restaurants and healthcare, makes this an excellent investment opportunity. Glenbrooke at Palm Bay boasts extremely attractive demographics and high barriers to entry, which presents the opportunity for an excellent long-term strategic investment.
Due Diligence
Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
How it Works
Learn about bidding, reserve prices, and closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
