KindCare Assisted Living projects fills a growing demand for reasonably priced assisted living and memory care, with all inclusive rental and service rates up to 30% below luxury assisted living with similar amenities. All projects are located in strategically selected opportunity zones.
Buildings are 5 stories with 120 beds. Projects are developed by experienced assisted living developers and bonded to $640mm. Each project is privately owned and an asset to each community generating taxes, 50-75 employees, no impact on city services and designed by a national award winning architect.
New design incorporates “pandemic friendly” features of UV air-flow, remote visitation and telehealth. Property is managed by a national assisted living provider. Experienced and well capitalized developer currently has three projects in progress and expanding. Construction on first project starts in September, 2020.
Fund is accepting investments of up to $10mm per project on a total project cost of $25mm. Bank financing is in place. An after tax return to investors is a targeted 12%.