DISTRESS IN SENIOR LIVING

McFarlin has been acquiring and developing assisted living and memory care as Principals since 2008. During the last five years, we have seen the construction of new assisted living and memory care (Alzheimer’s) properties explode.

This generally occurred towards the end of the Great Recession. As the number of new entrants into senior living increased, supply exploded and an imbalance of supply and demand was created in many markets across the U.S.

Sponsor believes that this imbalance is, and will continue to produce a significant amount of defaulted debt and value-add acquisition opportunities for licensed assisted living and memory care properties.