Medical (Memory Care) Development Opportunity

Highlights:

• Accelerated Development Timeline
• Reduce Carry and Soft Costs
• Strong Senior Housing fundamentals
• This offering presents a rare opportunity to acquire a nearly shovel-ready healthcare development project within one of the most desirable infill healthcare markets in Southern California. The combination of: • RTI status, • healthcare adjacency, • favorable demographics, • and institutional-quality design creates a compelling platform for developers, senior housing operators, family offices, healthcare REITs, and private equity groups seeking immediate deployment opportunities in the senior care sector.

Description:

The project is located on Los Feliz Rd. comprised of two (2) contiguous lots totaling 17,700 square feet, with 100ft of Frontage, zoned GLC3 for a 57,650 SF, 5-story congregate MC facility.

The 5-story building is approved with 142 Beds (71 Rooms), ample amenities, and open space for the Participants. Two levels of subterranean parking will provide 70 on-site parking spaces (5% EV charging stations), and incorporate several common area amenities, i.e., two (2) common dining areas and kitchens. One (1) on the main floor, and the other a rooftop dining area with kitchen; a health center, pharmacy, senior lifestyle lounge, laundry, and offices for the manager and employees – amenities not typically found in other facilities.

The location for this project is practically unmatched for a memory care facility in the heart of Glendale’s medical community, meeting the needs of an underserved elderly population. The project location is located approximately 3 miles west of Adventist Health Glendale.

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