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JLL has been exclusively retained to offer to qualified investors the opportunity to acquire a 105-unit assisted living and memory care community located in the growing Tulsa suburb of Broken Arrow. The property is well situated with frontage on East 61st Street South on a site that is part of the 40-acre Ascension St. John Broken Arrow hospital campus. The facility features extensive common areas for the use and enjoyment of residents and visitors including two landscaped courtyards, activity rooms, a beauty salon, and spacious lounges. The property is the only senior living facility developed in collaboration with St. John Broken Arrow, giving residents unmatched access to both preventative and acute care.
- Unique Location – Located in Broken Arrow – a rapidly growing suburb of Tulsa – on a larger 40-acre Ascension St. John Hospital campus with a variety of healthcare and wellness uses including including cardiology, emergency services, general surgery, orthopedics, and pastoral care.
- High Quality, Recent Vintage Construction – The community displays thoughtful design and has an appealing transitional interior attractive to a broad group of potential residents. Additionally, the property’s recent vintage construction offers a potential investor to purchase a stabilized property with high upside below today’s replacement cost.
- Near Stabilized Property with Upside – The community’s occupancy has recovered to near pre-COVID levels, and further improvement is anticipated. Revenue has nearly returned to pre-COVID levels as well. Demand in the market is growing, and there is no new competitive supply under construction, so a new owner should have the ability to drive strong revenue growth via rate increases, level of care income, and expense controls.