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800 Leah Avenue

Inspired Healthcare Capital Acquires Sage Spring Senior Living In San Marcos
SOLDSenior Housing

Inspired Healthcare Capital Acquires Sage Spring Senior Living In San Marcos

800 Leah Avenue

Building Size

Asset Type

Senior Housing

Closing

May 31, 2024

AI

Sage Spring Senior Living, a 90-unit complex located at 800 Leah Avenue in San Marcos, Central Texas, was recently sold in a transaction that involved the sale of a senior housing property offering assisted living and memory care services. The property was acquired by Inspired Healthcare Capital from the joint venture between Bow River Capital and Investcor. The deal was facilitated by JLL, with Aaron Rosenzweig, Dan Baker, Jay Wagner, and Richard Swartz from JLL representing the seller.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: Undisclosed
  • Units: 90
  • Market: San Marcos
  • Buyer: Inspired Healthcare Capital
  • Seller: Bow River Capital & Investcor
  • Brokers: Aaron Rosenzweig, Dan Baker, Jay Wagner & Richard Swartz - JLL

JLL played a key role in the successful identification of the buyer and execution of the transaction. Jay Wagner, Rick Swartz, Aaron Rosenzweig, and Dan Baker actively participated in representing the seller, ensuring a smooth and efficient sale of the senior housing property in San Marcos, Central Texas.

Players

Jay Wagner

JLL

Broker

$1.5B

vol

13 deals

Broker

San Marcos Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93