REO Sale: Reserve at Pasadena

Highlights:

• 72-Unit Assisted Living & Memory Care Community: Purpose-built in 1994 with 120 licensed beds, designed to accommodate both assisted living and memory care residents.
• Significant Value-Add Opportunity: Opportunity to enhance occupancy and cash flow through lease-up, operational improvements, and targeted market repositioning within the Houston-area senior housing market.
• Functional Single-Story Design: One-story facility with a practical layout that enhances resident mobility, staff efficiency, and operational flow.
• Efficient Climate Control: Forced-air HVAC systems in common areas paired with PTAC units in residential suites, delivering consistent and energy-efficient climate management.
• Resident-Focused Amenities: Features a decorated lobby, dining room, commercial kitchen, commercial laundry facilities, and two landscaped courtyards supporting resident engagement and quality of life.
• Strategic Pasadena Location: Positioned within a well-established Houston-area submarket with convenient access to major transportation corridors, nearby medical services, and a dense surrounding residential population.

Description:

Ri Marketplace Online Auction March 9th-11th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3013/reo-sale-reserve-at-pasadena?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=seniorhousing_3013

SVN | Senior Living Advisors, in conjunction with RealINSIGHT Marketplace, is pleased to present the opportunity to acquire a purpose-built assisted living and memory care community located in the Greater Houston MSA. The Property consists of 72 units with 120 licensed beds, situated within a single-story residential care facility designed to serve both assisted living and memory care residents. Originally constructed in 1994, the community is licensed to provide assisted living and memory care services under a Type B Assisted Living Facility designation with an Alzheimer’s Certificate issued by the Texas Health and Human Services Commission.

The Property offers a comprehensive suite of resident-focused amenities, including a decorated lobby, dining room, commercial kitchen, commercial laundry facilities, and two landscaped courtyards that support resident mobility and engagement. The building features wood-frame construction with brick exterior, a pitched asphalt shingle roof, and a combination of forced-air HVAC in common areas and PTAC units in the residential suites, providing efficient and reliable climate control throughout the facility.

Strategically positioned within a well-established residential corridor southeast of Houston, the Property benefits from convenient access to major regional transportation routes, proximity to medical services, and strong surrounding population density. With its licensed bed capacity, functional design, and established physical plant, the Property presents an attractive opportunity for investors and operators seeking exposure to the Houston-area senior housing market with potential for operational and occupancy-driven upside.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: