We are buying the asset direct from the lender for $9,500,000. who foreclosed on a $20,000,000 loan they placed on the property.

The Remodel Budget is $3,487,300. And Startup allowance is $500,000.

For an all -in cost of $14,247,800 completed and cash flowing the property will have

a value of $30 to $35,000,000 million

Our plan is to convert the 100 bed facility to 84 studio apartments for seniors, provide

Basic assisted living services with an allowance for meals.

With the current zoning and floor plan layout we can up grade the services to Skilled Nursing, Memory Care and Behavioral Health care as we move along where the rates are much higher, however the initial plan is to get the Facility up and running as soon as possible at the minimal cost to achieve positive cash flow.

Exit strategy: When completed sell or refinance.

Lot Size ±4.64 Acres with mature landscaping, Building Size 48,459 SF

Year Built 1985 with Major Renovation in 2012 Zoning R-3, SC-RUPD Skilled Nursing, 100 Beds with Oxygen

Number of Buildings One (1) containing six Pods, 4 Courtyards, A Dialysis Unit, & a Pharmacy

Number of Stories One (1) Former Care/License Type LTAC/SNF Operated as a Hospice

Operating Capacity 100 Beds, Unit/Bed Mix 54 Skilled Nursing Semi-private Units with shared baths and 12 Skilled Nursing  Private Units with private bath areas.

Central Roll-in Shower area, Re-hab Gym, Multiple private offices, Large Commercial Kitchen, Lobby area, conference room, and large multimedia room.

Designed with six “pods” and two central nursing stations, each pod contains 11 rooms. The facility was previously licensed for both LTAC and SNF beds, with the southern

wing providing skilled nursing care and the northern wing providing long

term acute care, though currently the building stands vacant.

Ownership has invested approximately $350,000 in renovations and improvements

since 2012. The facility is ideal for use as an acute care hospital, skilled

nursing, memory care, or assisted living.

Foundation Reinforced Concrete, Exterior Stucco Veneer, Framing Masonry, Roof Slate Tile, Copper piping.

Fire Protection 100% Fire Sprinkler Protected & Emergency Call System 24/7 Monitoring

Location Overview

Sun City location presents some of the strongest senior demographics in the country with 74.4% of the population consisting of seniors age 65 and above.

Prime location along Thunderbird Boulevard is a major thoroughfare in the area and is in close proximity to Banner Boswell Medical Center.

Sun City is a planned community designed for seniors including numerous local amenities, golf cart friendly roadways, and ideal Arizona climate

Acuity Specialty Hospital of Arizona at Sun City is located on the southwestern side of

North Thunderbird Boulevard, about 12.1 miles north of the I-10 interstate and about 0.6 miles northwest of the intersection of US-60 and Del Webb Boulevard. The facility is less than two miles from downtown Sun City in the western portion of town. Immediately nearby is the Agua Fria River, Sun City Lakes West Golf Course, numerous planned developments for seniors and retirees, and a branch of Arizona State University.

The facility’s location provides convenient access to an abundance of the area’s community services and amenities; including four hospitals within a seven-mile radius, such as Banner Boswell Medical Center (0.9 miles), Banner Del E. Webb Medical Center (5.5 miles),

Abrazo Arrowhead Campus (6.4 miles) and Banner Thunderbird Medical Center (6.9 miles).

Other healthcare providers in the area include West Valley Veterans Center, Kindred Hospital

Arizona, Royal Oaks Lifecare Community, Carillons Retirement Community, Ventana Winds

Retirement Home, and Sun Valley Lodge. Local shopping centers include Arrowhead Towne

Center, North Valley Power Center, La Ronde Shopping Center, Surprise Towne Center and

Sun City is located in Maricopa County, Arizona, in the Phoenix-Mesa-Chandler MSA,

approximately 24.3 miles northwest of Phoenix. Sun City is considered the first community

dedicated to leisure and recreation for the active, retired adult.

Most of what’s featured in today’s 55+ active adult community is said to have originated in Sun City, which began as an idea to develop an entire community in the southwest dedicated to a more leisurely lifestyle and unending choices of recreation for seniors.