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Land For Sale • 13.34 AC
To-Be-Built, JV Opportunity. Bradley Company is pleased to offer this JV Opportunity on this To-Be-Built Senior Housing Property in Westfield, (Suburban Indianapolis), IN. This opportunity allows an investor to join with a very qualified, experienced and seasoned Sponsor group in filling a need in the middle-income Senior Living market. Phase I includes 120 Units with Assisted Living and Memory Care. Phase II will include 48 Cottages of 55+ Active Adult Apartments.
| 120 Total Units - 80 Assisted Living, 40 Memory Care. (48 Independent Living Cottages will be in separate, second phase.) |
| Focusing on the Middle-Income Senior Population (60% of all Seniors) |
| Site Under Contract and Construction Set to Start in Q2 of 2026, 15 Month Construction Period |
| 5 to 7-Year Hold Period with Flexible Takeout for Investors |
| Cap Rate 8% | Target LP IRR: 22.5% | 1.85x Equity Multiple |
| Opening Target: Mid-2027 (June 2027) |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Indianapolis International | 59 min | - | 34.9 mi |
Michael Drew
Bradley Company
Michael Drew
Bradley Company
