We are so excited to announce that we closed on Sage Meadow in November! It’s a beautiful 84-bed assisted living facility in Wisconsin. CONGRATS to all the investors that are now owners of this property! Thank you for trusting in us with your investment.
Occupancy is strong and our partners have already been on-site, getting acclimated with the team/property over the last few months to ensure a smooth transition. One of the beauties of Sage Meadow is the close proximity to our other asset, Serenity Villa which we purchased last year. We can utilize the systems/processes and even some of our staff at both locations.
A few updates on Sage Meadow, the new minimum public pay rate increases took effect on October 1, 2024. We estimate an approximate $131,000+ increase in annual NOI at Sage Meadow due to these minimum increases. This will be very impactful for our business plan. See the below articles for more information.
Minimum Fee Schedule for Home and Community-Based Services (wi.gov)
HIGHLIGHTS AND PROJECTED RETURNS:
– Cash flowing from day 1
– Target Equity Multiple: 2.1X – 2.7X in 5 years
– $1.1 Million equity on day 1
– 22% – 34% Average Annual Rate of Return over 5 years hold period
– 10% – 14% Average Annual Cash Flow
-A cost segregation study will be performed so investors can share in bonus depreciation which may be impactful for their 2024 taxes
– We already have another high-performing portfolio within a 30-minute distance.
Please reach out with any questions. If you missed this opportunity, we have some exciting things in the pipeline that we’re looking at for next year. We’d enjoy connecting with you and hearing about your goals/interests on the real estate front.