Duck Haven Estates
A 240-UNIT IL/AL/MC CAMPUS LOCATED IN OREGON
Asset Overview
DEAL POINTS
- LISTING PRICE $21,000,000
- PRICE PER UNIT $87,500
- UNITS 240
- CARE TYPE 106 IL 94 AL 40 MC
- TOTAL LOT SIZE (AC) 7.21 ACRES
- SQUARE FOOTAGE 162,732
- ADDITIONAL BUILDING 8,006 SQUARE FEET OFFICE BUILDING
- YEAR BUILD 1977, 1981, 2022
- CLOSEST METRO MARKET EUGENE
- DEAL PROFILE VALUE-ADD, TURNAROUND
The Opportunity
The Zett Group is pleased to present the offering of, "Duck Haven Estates", a 240-unit senior housing campus located in Oregon. This offering presents a unique, value-add opportunity to acquire one of the largest assets in all of Oregon for well below replacement costs. The campus is hitting the market for the first time in over 40 years of ownership. While the majority of the campus was built in the 80's, ownership recently expanded the campus with a newly constructed 40-unit memory care addition in 2022. This addition called, "The Heights" features best in class amenities and common areas with spacious rooms. Memory care wasn't previously offered before the addition and now allows residents to age in place. The assisted living features a north and south building on each side of the main independent living and has shown stronger occupancy than the independent living. The eventual buyer will see substantial upside by first reducing staffing agency costs. Once expenses are more normalized, the buyer will next see huge opportunity by either leasing-up the existing independent living units with a moderate cap-ex refresh, and/or re-positioning the empty independent living units to assisted living. This is an excellent opportunity to purchase on a reasonable price per unit and substantially lower than replacement costs.
The Zett Group is targeting a call for offers date of September 1st, 2024. This will allow ownership to narrow down to a few prospects to tour. Select prospects will be offered to tour, at which point there will be a best & final offer after selected groups have toured the assets.
Please register in the portal in order to access the specific property information that includes the offering memorandum, video tour, financials, and most recent rent roll.
Please reach out to Blake Bozett (509) 389-5526 with any questions.
INVESTMENT HIGHLIGHTS
Community Amenities
The Zett Group
THEZETTGROUP.COM
Located in the heart of Coeur d'Alene, ID, The Zett Group is a boutique senior housing brokerage firm with a Pacific Northwest focus. Established in 2023, our company is committed to serving the needs of the senior housing industry in our beloved region & beyond.
At The Zett Group, we pride ourselves on our deep understanding of the local senior living landscape and the specific dynamics of the sector. This expertise, combined with our passion for helping others, enables us to deliver tailored, strategic solutions that meet the individual needs of each client. As a boutique firm, we offer a level of personal service that sets us apart from larger, national brokerages. This relationship-centric approach allows us to create truly bespoke strategies that drive success.
In addition, our strong local network gives us unparalleled access to opportunities and insights. Our relationships with senior housing operators, investors, and community stakeholders mean we are often the first to hear about new properties on the market, upcoming changes in local regulations, and trends shaping the industry.
At The Zett Group, we are more than just a brokerage. We are your trusted local partner in the senior living industry. Together, we can navigate the complexities of the market, making informed decisions that benefit not just your bottom line, but our industry as a whole.
