Healthcare

2 Bank-Owned Buildings in Houston - Seniors Housing, Active Adult, Multi-Family

Houston, Texas United States
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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.

Attributes

Year Built 2000
Building Area Gross
Land Area Gross ()
Rentable Area
Number of units 264

Asset Description

Jones Lang LaSalle (“JLL”) is pleased to present the opportunity for investors to acquire a two-phase, 264-unit campus in Houston, Texas. Set on a 5.5-acre site, Phase 1 was built as an assisted living and memory care building with 119 rentable units. Competed in 2020, it operated for a brief time but is currently non-operational. Phase 2 is a 145-unit building designed to be utilized as active adult or independent living. Phase 2 is nearing final completion, with a CO expected to be issued within the near term.

Investment Highlights

  • Since both buildings are currently non-operational, buyers have flexibility in how to market and operate them, with potential uses including multi-family, active adult, assisted living, memory care, behavioral health, and more.
  • While the preference is to sell both phases to a single buyer, the seller will also entertain offers for only one of the two phases.


Last Updated Date: 12 Aug 2022

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Last Updated Date: 12 Aug 2022

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