Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1984
Building Area
Land Area ()
Number of units 180

Property description

Waldenbrooke Estates is a 180-unit age-restricted and independent living community in Bryan, Texas. Bryan is located adjacent to College Station in the Brazos Valley, in the middle of the Dallas/Fort Worth, San Antonio, and Houston triangle. Built in 1984, the community has 175,812 square feet and is situated on 5.57 acres of land. With both age-restricted and independent living options, this community is a very attractive and unique product within the senior living market.

Investment highlights

  • Value-add opportunity – This community presents the opportunity to purchase a senior living community at well below replacement cost. With 180 units, in a mix of age-restricted and independent living, the opportunity offers a future owner the room to decide how best to allocate future capital expenditure funds.
  • Occupancy upside – To achieve 90% occupancy, only two new leases per month are required through the first year. The community is 76% occupied as of June 1, 2021.
  • Upside potential – The average rent per month for the most recent 10 independent living leases is 10.4% greater than the average rent per month for the oldest 10 independent living leases, which can equate to an additional approximately $250,000 per year at 95% occupancy – $181 per unit per month.
  • Operational opportunity – This property is currently managed by an out-of-state operator. A new buyer could install a more locally focused operator with the ability to drive rental rates higher through increased focus.
Last Updated Date: 16 Jul 2021
Cody Tremper
Cody Tremper
Managing Director, Capital Markets
Mike Garbers
Mike Garbers
Managing Director, Capital Markets

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Last Updated Date: 16 Jul 2021

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