Lotus Development, a seasoned assisted living facility developer owns free and clear an ideal 4.3 acre parcel of land at the entryway to the Three Meadows residential development in Rockledge, FL. The land is zoned and shovel-ready to accommodate a 7 building, 108 bed assisted living/memory care facility. The facility will be mid-way between 2 regional Hospitals: First Viera Hospital and Wuesthoff Medical Center. A complete business plan, site plan and PPM will be available on our site within the next several days. Pre-register and we will forward documents prior to posting the opportunity on our site. The returns are very unique in that investors will have their Principal returned within 3-5 years and subsequently maintain their pro-rata ownership in the facility. This is a chance to participate ground-up in the fastest growing real estate segment in decades. The following offered by the Federal Interagency Forum on Aging Related Statistics are stunning statistics lending legitimacy to the ever growing assisted living development industry:
Today, just over 34% of the US population is aged 50 and over, and the numbers are rising rapidly with the aging of the baby boomers. The oldest boomers hit age 50 in the mid 1990’s, nearly doubling the number of people in the pre-retirement age group of 50- 64 from 32.5 million in 1990 to 58.8 million in 2010. With the oldest boomers now crossing the 65-year-old threshold. Population growth among the 65-74 year olds is set to soar. Indeed, their numbers are projected to climb from 21.7 million in 2010 to 32.8 million in 2020 and then 38.6 million in 2030. Interestingly, Florida leads the pack with over 19% of its population 65 and older.
On a micro-level, The Meadow’s House Senior Living will be located in Rockledge, FL and will draw from the majority of its residents. In 2013 the primary market area (Rockledge and Viera) total population was 42,811 individuals with 8,824 individuals 65 years and older. The market caters to Seniors offering many cultural and physical activities specifically designed to attract the 65+ population.
In closing, this is a tremendous opportunity to move your IRA or SDIRA from a low yield investment to a high yield Class A real estate opportunity that not only pays an annual above average yield but has a return of Principal in 3-5 years and subsequent ownership thereafter. For further information on investing your IRA into real estate, go to our home page and hit the IRA tab on the very top. As always, feel free to reach out to me directly to further discuss this opportunity.
