[vc_row][vc_column width=”1/1″][vc_custom_heading text_weight=”800″ text_color=”color-114787″]PORTFOLIO[/vc_custom_heading][vc_row_inner][vc_column_inner width=”2/12″][/vc_column_inner][vc_column_inner column_width_percent=”100″ align_horizontal=”align_center” gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”8/12″][vc_empty_space empty_h=”2″][vc_custom_heading text_weight=”600″ text_color=”color-114787″]Since 2008, McFarlin Group has invested in, acquired or developed more than 2,400 senior living units and 1.6 million square feet.[/vc_custom_heading][vc_empty_space empty_h=”2″][/vc_column_inner][vc_column_inner width=”2/12″][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″][vc_single_image media=”82728″ media_width_percent=”100″][vc_column_text]ASPEN VILLAGE SENIOR LIVING
Dallas, Georgia
Direct from Lender
Acquisition of $16.8M NPL from Lender Pre-Foreclosure
132 Units of AL/MC[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image media=”82733″ media_width_percent=”100″][vc_column_text]KEY BANK PORTFOLIO
Six Properties in South Carolina
DebtX Broker
Acquisition of $66.8M NPL from Key Bank Pre-Foreclosure
550 Units of IL/AL/MC[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″][vc_single_image media=”82729″ media_width_percent=”100″][vc_column_text]AUTUMN LEAVES OF ST. CHARLES
St. Charles, Illinois
Mission Capital Broker
Acquisition of $7.5M NPL from Regional Lender Pre-Foreclosure
46 Units of MC[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image media=”82731″ media_width_percent=”100″][vc_column_text]EDEN HILL CCRC
New Braunfels, Texas
Brokered by Cushman & Wakefield
Acquisition of $52.5M NPL at Foreclosure
388-Unit Entry Fee Continuing Care Retirement Community[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″][vc_single_image media=”82730″ media_width_percent=”100″][vc_column_text]AUTUMN LEAVES OF CINCO RANCH
Katy, Texas
Off-Market Acquisition of $8.6M NPL Pre-Foreclosure
42 Units of MC[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image media=”82734″ media_width_percent=”100″][vc_column_text]AUTUMN LEAVES OF PEARLAND
Pearland, Texas
Off-Market Acquisition of $6.8M NPL Pre-Foreclosure
36 Units of MC[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_empty_space empty_h=”2″][vc_custom_heading text_weight=”800″ text_color=”color-114787″]REPRESENTATIVE TRANSACTIONS[/vc_custom_heading][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]
IVY OF MCKINNEY
Non-Performing Loan Acquisition
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OVERVIEW
Sponsor purchased Ivy of McKinney (the “Property”), a Class A, 97-unit assisted living and memory care community in McKinney, Texas in September 2019. At time of closing the property was about 77% occupied. Sponsor purchased the loan and associated real estate in a loan short sale for 78% of par from BB&T bank.
The Property, built in 2011 for $13.9M, offers comfortable services, amenities, furnishing and is located in one of the strongest submarkets in the country. Approximately 30 miles north of Dallas, McKinney boasts an average HH income that is more than the national average. The community’s location on Medical Center Drive is less than one mile from Medical City McKinney, one of the top hospitals in the McKinney area for elderly needs.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]
MARIPOSA POINT AT ALGODON CENTER
Value-Add Acquisition
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OVERVIEW
Mariposa Point at Algodon Center (the “Property”) is a Class A, 87-unit assisted living and memory care community in Phoenix, Arizona built in late 2018 and currently in lease-up. The Property presents a value-add opportunity through lease-up. The selling party ran out of working capital and was looking for a fast exit to avoid the need for additional capital.
The Sponsor plans to increase revenues by focusing marketing efforts and gaining census. At acquisition, the Property had a per unit occupancy of approximately 17%. Utilizing the Manager’s proven marketing strategy and hiring a veteran sales specialist, the occupancy is forecasted to reach 92% within three years.
Sponsor believes this three-year lease-up is conservative and achievable.[/vc_column_text][/vc_column][/vc_row]