Servicer Sale: Assisted Living Community | Harbison Shores

Highlights:

• An average 94% occupancy across the trailing 12 months. Currently 99% occupied
• Purpose-built 63 unit assisted living and memory care community
• Less than 1-mile from Prisma Health Hospital, which serves more than 1.2 million patients annually
• Excellent location nearby several major retail and shopping centers including Columbiana Centre, a super-regional shopping mall with approximately 100 stores and restaurants
• Outsized returns through the implementation of additional rate increases
• Significant discount to replacement cost

Description:

RI Marketplace Online Auction June 9-11, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2530/servicer-sale-assisted-living-community-harbison-shores?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=seniorhousing_2530

The Newmark Seniors Housing Team, in conjunction with RealINSIGHT Marketplace, are pleased to present for sale Harbison Shores (“The Community”). Harbison Shores is a 63-unit, purpose-built assisted living and memory care community opened in 2004. Over the past year, Harbison Shores has maintained an average occupancy of 94% and currently sits at 99%. During this time revenue has increased approximately 7% from a T-12 to T-1 annualized basis resulting in an NOI run rate of $1.0M+ (T-1 Rev / T-3 Exp).

The Community is ideally situated adjacent to Lake Murray Blvd, just minutes away from Prima Health Baptist Parkridge Hospital and several restaurant and retail options including Columbiana Centre, a super-regional shopping mall with approximately 100 stores and restaurants. Harbison Shores offers the next investor to acquire a strong performing asset in a growing submarket of Columbia, SC while achieving outsized returns through the implementation of additional rate increases and capital improvements.

Lamar P. Fisher
Fisher Auction Company Inc.
License: 3981
Co: 3996

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