|Number of units||264|
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity for investors to acquire a two-phase, 264-unit campus in Houston, Texas. Set on a 5.5-acre site, Phase 1 was built as an assisted living and memory care building with 119 rentable units. Competed in 2020, it operated for a brief time but is currently non-operational. Phase 2 is a 145-unit building designed to be utilized as active adult or independent living. Phase 2 is nearing final completion, with a CO expected to be issued within the near term.
- Since both buildings are currently non-operational, buyers have flexibility in how to market and operate them, with potential uses including multi-family, active adult, assisted living, memory care, behavioral health, and more.
- While the preference is to sell both phases to a single buyer, the seller will also entertain offers for only one of the two phases.