December 16, 2016
Sage Tucson Senior Living – $8,400,000 JV Equity Investment
Sage Tucson Senior Living is a 106 unit, Class A, assisted living & memory care development in Tucson, Arizona.
DSI's Investment of $8,400,000 funded in October 2016.
- Third assisted living & memory care JV Equity investment funded by Dekel Capital's proprietary equity fund, DSI.
- Exceptional demographics: within a five-mile radius of the Project there are 12,146 people who are over the age of 75 years old; this population is projected to increase to 13,759 people by 2020.
- The vacancy rate for stabilized assisted living projects within the Tucson submarket is 4% with an average rent of $3,714.
- The property has street frontage on West Orange Grove Road, which is an east/west artery that connects to the I-10 Freeway and State Route 77 and has a daily visibility of 23,000 cars.