RCP Bloomington Seniors Housing
Internal Rate of Return
Investment Lifetime in Years
RCP Bloomington Seniors Housing invested in the development of a 132-unit senior’s independent living, assisted living and memory care facility located on 17 acres in Bloomington, Indiana. The property enjoyed significant barriers-to-entry. Bloomington had a very limited number of developable sites that allowed for the development of seniors housing and had a very restrictive and lengthy entitlement process. At the time RCP invested in the project, the land was fully entitled for seniors housing development, which gave the project a significant “first-mover” advantage.
After construction was completed, the property provided its residents and their families with a comfortable, home-like environment within a state-of-the-art seniors housing facility. The property included the following amenities: exercise/therapy room, library, private dining room, movie room, spa, community pub, walking trails, an outdoor BBQ and picnic area with shuffleboard, and horseshoe pit.
RCP Bloomington Seniors Housing sold in February 2019.