Bay Area Senior Living to Break Ground

Embarking on a five-year, multi-phase project, Wilson Investment Properties will build Paradise Value Estates, a 140-unit assisted living community in Fairfield, Calif.

The site of the future Paradise Valley Estates in Fairfield, Calif.

The site of the future Paradise Valley Estates in Fairfield, Calif.

Wilson Investment Properties will develop Paradise Valley Estates, a 140-unit assisted living community in Fairfield, Calif. The community will be located fewer than 50 miles from San Francisco and Sacramento, Calif. The property will feature Class A licensed elder-care facilities, comprising 110 assisted living units and 30 memory-care apartments.

Having almost 50 years of real estate investing experience, the company has in escrow more than three acres of strategically located, infill raw land. Hartford Land Management will be the community’s property manager. Designs 1st will oversee the design, while Hallmark Funding will operate as lender, operator, developer and financier.

Wilson Investment Properties is raising capital for this five-year project, with projected 26 percent average annual returns and 24 percent internal rate of return. The investment offers 15 percent preferred cash-on-cash return for Phase I—purchasing and fully entitling the land—and 10 percent preferred cash-on-cash return for the other two phases (building and operating the facilities).

Image courtesy of Wilson Investment Properties