Clarendale of Mokena, built in 2015, features 156 units operating at 94.23% occupancy. The master lease provides $1,663,246 in annual base rent starting in 2027, yielding a projected 4.5% Year 1 and 4.65% full-term average return.
Ongoing fee rates
Property Mgmt Fee5.00%
Disposition Fee3.0%
Asset Mgmt Fee (annual)
$144,000
Master Tenant Income
$1,663,246
Property Mgmt Fee
5.00%
Disposition Fee
3.0%
Trust Administration
$49,167
Strengths
- Multi-care campus structure provides operational flexibility across care levels.
- Stabilized master lease base rent established at $1,663,246 per year beginning 2027.
Concerns
- Operational performance is reliant on specialized senior housing labor and management execution.
- Property management fee of 5.00% plus performance incentive fees.