Oregon Two-Pack
A Two-Asset 148-Unit IL/AL/MC Portfolio
Portfolio Overview
Deal Points
- Buildings 2
- Year Built 1988-2008
- Gross Square Footage 67,231 SF | 40,006 SF
- Care Type IL| AL |MC
- Total Unit Count 148 Units
- T12 Revenue $6.8M
- Occupancy 72%
- % Private Pay 86%
- Deal Profile Value-Add
- Purchase Price $17,700,000
The Opportunity
The Zett Group is pleased to present the "Oregon 2-Pack", a 148-Unit Independent Living, Assisted Living, and Memory Care portfolio located in Oregon.
One building, situated in Eugene, Oregon, features 58 units of Independent and Assisted Living. Serving 100% private-pay residents, this community benefits from Eugene’s balanced competition and historically strong occupancy rates. Its location in a vibrant city with a growing senior population enhances its long-term potential for growth. Future operators will have an opportunity to build value by admitting Medicaid residents and benefitting from Oregon's strong reimbursement rates. Historically speaking this building has never had a Medicaid license, hence the 100% private pay mix.
The second building, located just minutes from the Pacific Ocean offers 90 units of Assisted Living and Memory Care. The 25-Unit Memory Care wing is consistently 100% occupied, showing the strong demand for Memory Care locally. Operators will be in a value-add position for this building as they enter the community with a lower AL census. With limited local competition and stable demand, this community is well-positioned to capitalize on the market's strong senior demographic trends.
This large-scale portfolio represents a compelling value-add opportunity for experienced operators or investors. Current occupancy levels present a clear path to operational improvement, providing an attractive upside for buyers seeking to enhance NOI and achieve high returns. With strong market fundamentals, strategic locations, and opportunities to unlock significant value, this portfolio is an ideal acquisition for those looking to expand their footprint in the senior housing sector.
The Zett Group expects high investor demand in this portfolio, and a formal bidding process with multiple rounds. Our official call for offers date will be April 15th, 2025, at which point we will tour selected groups.
Investment Highlights
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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
