Monroe Assisted Living Facility

Assisted Living Debt Offering
Offering Size $1,000,000
Annualized Yield 12% & Profit Sharing
Min. Investment $5,000
Term 24 Months

Why We Like It

More Than 10,000 Baby Boomers Retire Every Day

The first of the Baby Boomer Generation turned 65 in 2011. Over the next 19 years, Boomers will account for 79 million retirees, which equates to more than one-fourth of the total U.S. population, according to a recent study by Pew Research Center. In addition, the study also found that 4,000 retirees will turn 85-years-old every day. On average, 70% of seniors will require about 3.5 years of assistance of daily living. In 2005, the assisted living industry was worth $139 billion. By 2020, it is projected to reach $207.3 billion. Assisted living services and nursing homes will account for more than two-thirds of revenue.


The Monroe House is in the community of Carriere, Mississippi — midway through Pearl River County — located between cities Picayune and Poplarville. The area is known for its growing population, which increased by 6,600 residents from 2000 to 2014, according to the U.S. Census Bureau. From 2010 to 2015, the county also experienced an increase of about 1,500 senior citizens.

Weak Competition

It’s important to note that there is only one identified assisted living facility within the Pearl River County primary market area (PMA) that offers assisted living services. While there are no imminent plans for senior living developments in Carriere, the area represents a large untapped market for investors.

real estate capital stack financing

The Cost Overview

This $1,000,000 debt investment deal offers a 12% interest as a current payment and 10% profit participation in a capital event, such as sale or refinance. RealtyeVest is raising a total of $5,000,000 for the project in five $1,000,000 tranches.

The cost to fully fund the development is about $6,665,600. This includes land acquisition costs, construction and equipment costs of $4,843,500; soft costs of $478,500; holding costs of $660,600; and in project and operating costs of $683,000.

The Sponsor

Paul Monroe is a graduate of the University of Mississippi School of Banking and of Southern Methodist University Graduate School of Banking. After a long, successful career in the banking industry, Paul switched gears and began a career in development and real estate. It wasn’t long after his career change that he began developing multifamily and residential properties. He successfully completed dozens of development projects in Florida and across the southern United States. The most notable are Bella Luna Condominiums — a 128-unit high-rise with a 50-berth marina —in Orange Beach, Alabama, as well as the Turnberry Condominiums — a 200-unit development in Oxford, Mississippi. In addition, Monroe has held various board and civic positions including commissioner of the Mississippi Motor Vehicle Commission and director of the Pascagoula Chamber of Commerce.

How To Invest

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