Join William Bonati and our Operating Partner Michael Osterhoff to discuss JKAM Diversified Real Estate Fund’s commitment of an over $100k investment in the Davenport, Iowa Senior Housing Development.
Michael and William explain what makes Senior Housing Developments attractive right now and the trends that are creating demand for the asset class and supporting the investment.
Our Operating Partners Meadowview Senior Living has positioned itself as a nationwide leader in Senior Housing Development. Meadowview and their partners have a repeatable process that has been successfully executed in select markets across the nation.
$26.2 million development with an expected completion date in the fall of 2022.
Projected Returns to JKAM Fund as Limited Partner:
18%+ Cash On Cash Return
30%+ IRR over 5 years
3.5-4x Equity Multiple
Based on a recent market study, there is significant demand for senior housing in the primary market area. By 2024 there will be unmet demand for 336 independent units, 496 assisted living units and 163 memory care units. Our proposed project will only capture 10.7% of that demand.