Invest in Future Care: Premier Assisted Living Facilities for Sale

Investment Opportunity: Two Top-Tier Assisted Living Facilities for Sale

Overview
Hilco Real Estate, a reputable player in real estate sales, has announced a limited-time opportunity for investors to acquire two well-established assisted living facilities. The bid deadline is set for June 12, 2025, making this a prime time to invest in a growing sector that caters to an aging population. The properties in question are:
1. The Courte at Citrus Heights, located in Citrus Heights, California.
2. The Landing on Dundee, situated in Wheeling, Illinois.

Both facilities not only demonstrate a commitment to high-quality care but also possess significant investment potential. Let’s delve into what makes each property a promising opportunity.

The Courte at Citrus Heights

Located 17 miles from downtown Sacramento, The Courte at Citrus Heights offers a modern, 27,768-square-foot, 48-unit memory care environment with a robust occupancy rate of 87%. Constructed in 2016 and zoned for Restricted Density Multiple Dwelling (RD2), this property emphasizes comfort, independence, and accessibility for its residents.

The facility integrates memory care programs developed from the research of noted experts, Maria Montessori and Dr. Cameron Camp, which are aimed at enhancing cognitive function. This commitment to professional care ensures that residents engage meaningfully within the community.

A significant advantage of The Courte is its strategic location within a metropolitan area supported by a strong healthcare network, with healthcare and social assistance making up 13.7% of Sacramento's workforce. Prospective residents have access to reputable medical institutions, including the California Medical Center and UC Davis Medical Group, just a stone's throw away. This proximity to quality healthcare providers bolsters the demand for senior care, making it a valuable asset for investors focused on long-term growth.

The Landing on Dundee

The second gem in this offering is The Landing on Dundee, a five-story, 86,789-square-foot facility in Wheeling, Illinois. This modern community, established in 2019, comprises 100 units across a variety of floor plans tailored to meet diverse resident needs. With 27 private studios, along with larger apartment options, residents experience comfortable, apartment-style living complete with amenities like a spa, a salon, a bar, and a fitness center.

This facility is assessed with a reasonable 80% occupancy and features Mixed-Use Transitional District (MXT) zoning, allowing for potential enhancements and additional services. This flexibility paves the way for evolving the space into a more comprehensive senior living community, equipped with amenities that cater to various preferences and needs. Wheeling itself boasts a strong healthcare sector—making it an attractive location for investors considering the future demand for aging services.

Why Invest in Assisted Living?

Daniel Miggins, Vice President at Hilco Real Estate Sales, underscores the appeal of these investments stating, “Acquiring a turnkey investment in the assisted living sector offers immediate operational cash flow, reduced startup risk, and an established resident base.” The rising demand for senior housing positions these facilities as excellent opportunities for risk-averse investors seeking consistent returns.

Both properties are available for individual sale, offering a streamlined acquisition process as they come with experienced management teams and established operational frameworks. These factors assure a seamless transition for new owners, as highlighted by Steve Madura, Senior Vice President at Hilco.

“The Courte at Citrus Heights and The Landing on Dundee are fully operational communities with a proven track record, making them prime targets for investors looking to expand their real estate portfolios.” The combination of favorable demographics for senior housing, paired with the operational readiness of the facilities, positions them as unique opportunities not to be missed.

Conclusion

To explore bidding or for further inquiries, potential buyers can submit their bids by June 12, 2025, at 5:00 PM CT. Detailed submission requirements and terms of sale are available on the Hilco Real Estate website. To obtain in-depth insights into facility operations or to access due diligence documents, interested parties may reach out to Hilco representatives directly.

With the demographics underscoring a pressing need for quality assisted living arrangements, investing in these properties presents not only a financial opportunity but also a chance to make a significant impact on the community by enhancing the quality of care for its aging population.