KindCare Assisted Living | OZ Management Co., LLC
| Fund Name | KindCare Assisted Living |
|---|---|
| Fund Manager or Organizer(s) | OZ Management Co., LLC |
| Fund Size | $30,000,000 |
| Fund-Related Website | kindcareusa.com |
| Investment Focus | Affordable Housing, Multifamily Residential, Other |
| If Other, Please Specify: | Senior Housing |
| Geographic Focus | Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont |
| Additional Fund Details | KindCare Assisted Living projects fill a growing demand for reasonably priced assisted living and memory care with all-inclusive rental and service rates up to 30% below luxury assisted living with similar amenities. All projects are located in strategically selected opportunity zones. Buildings are five stories with 120 beds. Projects are developed by experienced assisted living developers and bonded to $640 million. Each project is privately owned and is an asset to each community generating taxes, 50-75 employees, no impact on city services, and designed by an award-winning national architect. The new design incorporates āpandemic friendlyā features of UV air-flow, remote visitation, and telehealth. A national assisted living provider manages the property. The experienced and well-capitalized developer currently has three projects in progress and expansion. Construction on the first project starts in September 2020. The fund is accepting investments of up to $10 million per project on a total project cost of $25 million. Bank financing is in place. An after-tax return to investors is a targeted 12%. |
| Fund Contact | .... |
| Name | Mark Depecol |
| Job Title | CEO |
| Phone | (203) 770-2159 |
| Email hidden; Javascript is required. |
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