SACRAMENTO, Calif., Jan. 14, 2020 /PRNewswire-PRWeb/ -- Consolidated Carehomes Inc. organized a California limited liability company, called Roseleaf, LLC, in order to facilitate an equity fundraising round for their latest business acquisition. Please note: this offering is only being made to accredited investors.
Roseleaf is comprised of 3 senior assisted living and memory care properties, totaling 86 units (132 beds), as well as a 60-guest resident capacity adult daycare to be operated at Roseleaf Gardens. Roseleaf will embrace the Dementia Village Care concept.
CCI President Dave Simmons states, "The Roseleaf Portfolio is based on Dementia Village from the Netherlands, a concept on the forefront of senior housing real estate. The previous owners have successfully created a living environment that is a better alternative to the conventional institutions, which are by comparison cold, sterile environments. The Dementia Village concept encourages freedom of choice and movement for the residents, which reduces stress and creates a more natural and positive experience."
The three properties in the Roseleaf portfolio will be acquired at the same time from one seller for a purchase price of $15,861,000, with a projected closing date of Escrow on or before February 28th, 2020. CCI plans to finance the purchase via an equity capital raise offering being extended to accredited investors. They will raise a minimum of $3,000,000 and a maximum of $5,000,000 through a Reg D 506(c) equity crowdfunding campaign, with a minimum investment of $25,000 (5 Class A Interests). The team has already raised $1.05M out of the $3M being sought from accredited investors.
Consolidated Carehomes, LLC, will serve as the manager of Roseleaf, and will execute the investment plan. CCI's objectives are to acquire the property with the other co-owners (investors) in order to: preserve and protect the capital; provide cash flow distributions on a quarterly basis when available; and provide gains on sale with complete distribution of all cash and/or notes from sale to the Investors.
Key Investment Points:
- Population growth in Chico, CA and Butte County for 75+ year old residents is projected to grow 19.6% over the next five years.
- Roseleaf Gardens and Roseleaf Oroville went through significant renovations and upgrades in 2017 & 2018 as well as implementing the Dementia Village Concept.
- Roseleaf Gardens has been licensed for an adult day program that is the only program specifically for seniors with dementia in Chico. Because the sunk costs of the facility are already in place, this has high profit potential.
- Peer Services Inc. will operate the communities efficiently and expenses will be reduced. The addition of a marketing plan and sales team will increase the occupancy dramatically.
In exchange for the $3,000,000 in equity for the deal acquisition, the accredited investor will receive an annual 8% dividend on their money with monthly payments for the duration of the hold, as well as a 1.5x multiple on the initial amount invested in the facilities paid at the refinance event. The result is an expected internal rate of return of 17.6% over the course of 4 years.
Anthony M. Barbato, CCI's CEO, states: "We are excited to be in the crossroads of opportunity in senior's housing. With the impending baby boomer generation coming of age for assisted living, and many mom and pop owners retiring as part of the same generation, there is an abundance of opportunity to create the next generation of senior housing through mergers and acquisitions. The result is that we can use real estate as a vehicle to create the highest quality of life for our residents, and generational wealth for our investors."
For more information on the Reg D investment, accredited investors may view the Roseleaf PPM HERE.
Accredited Investors may view the Roseleaf Executive Summary HERE.
To view the offer, click HERE.
About Consolidated Carehomes, LLC: Leveraging on a vast wealth of knowledge and experience within the real estate development field as well as business growth and development, CCI consists of a powerhouse team of professionals. They have teamed up with Peer Services Inc. (PSI), a firm specializing in the development, management and consultative services for the senior living, skilled nursing, and rehabilitation center industries, as well as a team of senior care advisors who are able to objectively analyze, identify, advise and execute a strategic plan anticipating and including essential steps and actions to achieve success.
For more information about CCI: click HERE.
To contact via email, write to Anthony Barbato at:
[email protected]
SOURCE Roseleaf LLC
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