September 22, 2016
Sage Mountain Senior Living – $16,100,000 JV Equity Investment
Sage Mountain Senior Living is a 130 unit, Class A, assisted living & memory care development in Thousand Oaks, California.
DSI's Investment of $16,100,000 funded in September 2016.
- Second assisted living & memory care JV Equity investment funded by Dekel Capital's proprietary equity fund, DSI.
- There are presently no other assisted living facility under construction within the Thousand Oaks submarket.
- The vacancy rate for assisted living senior housing within the Thousand Oaks submarket is less than 5% and less than 8% for memory care units.
- The Property is located on a hill above the 101 Freeway giving it visibility to 259,000 cars that pass by on a daily basis.