1031 Senior Tenant in Common
• Occupancy 97% as of Sept. 2008
• Management provided my Master Lease
• Single-story assisted-living facility.
• Approximately 17 miles south of buffalo, NY
Amenities include:
beauty/barber shop, ice cream parlor, billiards room, commercial laundry room, multi-purpose room, living rooms, wellness/therapy facilities, full kitchen and dining services, as well as lobby/reception area.
Benefits of TIC ownership:
Faster closings for exchange, pre-arranged non-recourse financing, professional property management, access to higher-grade institutional properties, deeded interest, incremental cash flow, appreciation / depreciation benefits, most importantly TICs are private offerings, not listed or directly impacted by the stock market.
This Senior Living facility benefits from an aging population and an emerging trend known as "reverse migration" where many seniors who have relocated to warmer climates are beginning to return to their places of origin as they advance in age and require more assistance in their daily living.
The total population age 75 and above in the zip code area is projected to increase 1.05% annually until 2012 (Claritas).
Loan on the property has been pre-arranged by the TIC Sponsor and is non-recourse to investors. Minimum investment is inclusive of $137,742 of equity and $323,400 assumed proportional debt. This is equal to 6.6% interest in the property.
| 1031 Tenant In Common | Bank Building TIC | Commercial Retail TIC |
| Dollar General TIC | Fractional Ownership | Secutity Real Estate |
| Tenancy In Common | Tenants In Common | TIC |
| TICs |
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