During the Pandemic many office buildings have been virtually empty as many are working from home.This and other dynamics make us wonder about the future of commercial RealEstate. Balance this with one of the outcomes of the Tax Cuts and Jobs Act of2017, Opportunity Zone investments, and you have a vital conversation.
Many of our clients have participated in successful regional real estate investments with Edlen& Co. This team has exhibited deep expertise at value-oriented acquisition, asset enhancement and effective operational management in sub-markets with favorable growth characteristics. Click Watch Video below to view a conversation with impact real estate experts Mark Edlen & Roger Krage and expert SeniorLiving operators Gary & Trevor Wart. The webinar focuses on two current opportunities:
- Pacifica Senior Living, Portland, OR: a 99 unit/114 bed memory care community located in Portland, Oregon. With an interconnected cottage style design accommodating all memory care acuity types, Pacifica is highly visible/accessible, high occupancy rates and historically stable staffing. It is projected to net a 9% cash flow to investors with upside available via management enhancements and close proximity to Powell Valley Assisted Living and Memory Care, a previous acquisition of Edlen & Co and Nile Living in which Allium clients participated.
- Urban Workforce Housing, Spokane, WA: Fundamentals are very good in Spokane with the flight of people who can work from home going to more affordable and life-style positive intermountain communities like Spokane, Boise, Bend, Coeur d’Alene and Bozeman. This property provides residents new options that have not been constructed in downtown Spokane since the 1980s. This investment is projected to pay significant cash flow when fully developed and leased, net IRR is projected at 13%+ with the additional opportunity for investors to shield capital gains under Opportunity Zone legislation.
Please contact (877) 487-6860 for access to the presentation.