Investment Overview

The Property The Village at Hayes Valley is a 52-unit, 79-operating-bed senior care portfolio which offers assisted living and secure memory care. The portfolio consists of two adjacent buildings encompassing a total of 24,538 square feet on 0.23 acres of land. The buildings are set in San Francisco's Hayes Valley neighborhood. Hayes Valley is a vibrant enclave featuring trendy boutiques, popular restaurants and hip nightspots. It is poised for a strong rebound as Covid-19 restrictions ease and city denizens return to a "normal" existence of enjoying San Francisco city life. The buildings are a great mix of old and new. 601 Hayes Street is a two-story Victorian originally constructed in the 1880's. It has survived two earthquakes and was modernized when converted to assisted living in 1997. 624 Hayes Street is a modern, purpose-built senior care facility completed in 2005. Together the buildings function as a single community. This unique arrangement enables the operator to provide appropriate care to assisted living residents with varying levels of acuity. The portfolio is being offered for sale unpriced on an as-is basis. It will be delivered free and clear of debt. The Location The property is centrally-located in San Francisco's Hayes Valley district. San Francisco has a population of approximately 880,000 residents and is a cultural. commercial and financial center in California. San Francisco is notable for its highly-educated workforce and high household incomes. San Francisco has three main hospitals: Zuckerberg San Francisco General (403 beds), St. Francis Memorial Hospital (323 beds) and CPMC Van Ness (274 beds). The bottom line is that San Francisco is an innovative population center that is ready for post-pandemic growth.