Utah 2-Pack

The Zett Group is pleased to present the Utah 2-Pack, a 2-Building, 37-Unit Assisted Living and Memory Care portfolio located in North Utah for a purchase price of $3.1M.

The Utah 2-Pack brings significant opportunity for an operator to turnaround the operational performance of the portfolio and thus, achieve high returns upon stabilization and increase net proceeds at exit. On the expense side, approx. 70% of top-line revenue is spent on wages, so an operator with an existing presence in the market or an operator with a savvy staffing model will likely be able to reduce labor costs by 15%-20%. On the revenue side, occupancy is typically in the low 70% range with a majority private pay. This presents an exceptional opportunity to add-value through a strategic marketing campaign that fills beds and increases top-line revenue.

The Utah 2-Pack buildings were built in 2000 and 2012. Each building presents very well as demonstrated through the photography. The northernmost building offers 15-unit total, all of which are private rooms equipped with a private full bathroom. At the building 30 minutes south, most units are private rooms with private bathrooms and kitchenettes.

This turnaround deal profile represents a compelling opportunity for experienced operators and investors to increase operational efficiency through effective staffing while adding value through occupancy increases. With the foundation of solid market dynamics and attractive physical plants, solid revenue, the Utah 2-Pack is poised to generate excellent returns during the hold period and excellent proceeds upon exit of these assets.