High Desert Home
A 65-Unit Assisted Living and Memory Care Community Located in Western Nevada
Asset Overview
Deal Points
- Property Alias: High Desert Home
- Year Built: 1994 | 1997
- Care Type: AL | MC
- Total Building Size 31,929 SF
- Total Lot Size: 2 Acres
- Occupancy: 98%
- Accepts Medicaid? Yes
- Deal Profile: Light Value-Add
The Opportunity
The Zett Group is pleased to present High Desert Home, a 65-Unit Assisted Living and Memory care community located in Western Nevada.
Built in 1994 and 1997, this community provides an excellent opportunity for investors to build value through moderate cosmetic refreshes on top of a well-built existing physical plant.
High Desert Home is well-established in the community, with current 98% occupancy and the occupancy over the last year never dipping below 87% and a strong percentage of private pay residents at 74%. The State of Nevada has also significantly increased Medicaid reimbursement rates at the beginning of 2024.
With the proximity to an affluent seniors market, attractive physical plant with the opportunity to refresh, and consistent occupancy through the last 12 months with room to improve base rent and care rates, High Desert Haven presents an excellent opportunity for investors to generate consistent cash-flow during the hold period with substantial upside at the time of exit.
Investment Highlights
Community Amenities
The Zett Group
thezettgroup.com
Located in the heart of Coeur d'Alene, ID, The Zett Group is a boutique senior housing brokerage firm with a Pacific Northwest focus. Established in 2023, our company is committed to serving the needs of the senior housing industry in our beloved region & beyond.
At The Zett Group, we pride ourselves on our deep understanding of the local senior living landscape and the specific dynamics of the sector. This expertise, combined with our passion for helping others, enables us to deliver tailored, strategic solutions that meet the individual needs of each client. As a boutique firm, we offer a level of personal service that sets us apart from larger, national brokerages. This relationship-centric approach allows us to create truly bespoke strategies that drive success.
In addition, our strong local network gives us unparalleled access to opportunities and insights. Our relationships with senior housing operators, investors, and community stakeholders mean we are often the first to hear about new properties on the market, upcoming changes in local regulations, and trends shaping the industry.
At The Zett Group, we are more than just a brokerage. We are your trusted local partner in the senior living industry. Together, we can navigate the complexities of the market, making informed decisions that benefit not just your bottom line, but our industry as a whole.
