Introduction to Passco Avenida Palm Desert Senior Living Investment

Friday, May 31, 2019 | 11:00 a.m. PT

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Join us for an informative one-hour webinar featuring Paul Getty, President of First Guardian Group and FGG1031, and Andy Wang, Senior Vice President of Marketing at Passco Companies, to discuss a unique investment opportunity to participate in the development of an upscale senior living apartment project located in Palm Desert, California. Avenida Palm Desert is being jointly developed by the Passco Companies, LLC and Avenida Partners, an experienced developer of Active Adult (age restricted 55+) communities nationwide. Construction began on the 6.34-acre site earlier this year and the project is anticipated to be completed in July 2020 and then sold in 2021 after stabilization.

The project consists of 161 upscale apartment homes for seniors in one of the premier retirement destinations in the US due to the desirable climate, concentration of world class medical services, outdoor activities. The site is 1.5 miles from the renowned Eisenhower Medical Center and a block from the J.W. Marriott Resort and Spa in Palm Desert near Palm Springs.

Investment Highlights:

Total Offering Size $25,825,000
Minimum Investment $25,000
Suitability Accredited Investors Only
Projected sales date Q4 2021


Distributions from Cash and Sales Proceed

  • First to investors until they have received a 9% Preferred Annual Return on their investment
  • Second to investors to return their original investment amount
  • Thereafter split 90% to investors and 10% to the Manager

Please access the link below for additional information

Investment Details

Please note that returns are not guaranteed and are subject to risks which are further detailed in the offering materials.

Investor interest in the active adult segment continues to increase, specifically in the “lifestyle focused” segment of the senior housing market. The demand in growth is also fueled by seniors with the financial capacity who are becoming increasingly educated about the benefits of living in senior housing. These potential returns are considerably higher than those of other major real estate property types.

As of Q1 2018, the Property Index Performance Data provided by the National Council of Real Estate Investment Fiduciaries (NCREIF) reports a total return on investment (ROI) for senior housing of 14.88% and 12.79% for the prior five and one-year periods, respectively. The total return reported for multifamily for the prior five years is 8.99%, considerably lower than the return reported by senior housing for this same period.

The senior housing industry has proven itself as not only a defensive investment during an economic downturn, but also an income and capital return leader across the commercial real estate investment spectrum.

We look forward to answering your questions.

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