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JLL is pleased to offer to investors the opportunity to acquire a 46-unit assisted living community located in Hillsboro, Texas. Constructed in 1999, it has been owned and operated by the current seller since 2015. The city of Hillsboro lies conveniently one hour south of Dallas and two hours north of Austin. The community offers direct access from Interstate 35. The property is a physical outlier within the owner’s portfolio, which is their main reason for bringing the opportunity to market.
- After battling a very tough operating environment throughout the COVID-19 pandemic, the community is operating near break-even and provides the next owner with the opportunity to take over a manageably-sized property on the verge of turning the corner operationally
- The competitive market supply is very disparate, as residents in the area will travel much farther for assisted living care; the closest competitor is nearly 15 miles away, with the next-closest community situated 30 miles away in Waco
- The convenient location of the building, located just east of Interstate 35, provides excellent visibility and accessibility within the local area